Washington Long Term Care Insurance Partnership Program Rates

According to the U.S. Department of Health and Human Services, about 70 percent of people over age 65 will require some type of long-term care services during their lifetime. However, the need for long term care does not only impact seniors as 40 percent of people currently receiving long term care services are ages 18 to 64.

Long Term Care Costs Washington State

One of the most comprehensive studies on the cost of long term care is conducted annually by Genworth Financial, a Fortune 500 company. The Genworth Financial 2016 Cost of Care Survey encompasses long term care costs nationally and surveyed over 15,000 long term care providers in 440 regions. Washington State long term care costs are important for Washington residents to consider — the local cost of long term care is a key factor in identifying how much long term care coverage should be included in your financial plan. The John Hancock Cost of Care Calculator also surveyed Washington long term care costs and includes an estimator for future long term care costs adjusted for inflation.

Region Nursing Home (private room) Nursing Home (semi-private room) Assisted Living (private room) Home Health Aide (44 hours/wk)
State Median
$107,675 $96,725 $54,000 $56,834
Bellingham $93,988 $88,513 $42,000 $44,616
Bremerton $121,545 $93,539 $54,000 $57,200
Kennewick $103,295 $95,630 $54,000 $54,340
Longview $98,550 $91,268 $40,980 $53,768
Mount Vernon $120,998 $103,113 $53,028 $64,064
Olympia $124,100 $107,675 $61,500 $52,624
Seattle $126,337 $114,679 $54,000 $61,776
Spokane $112,785 $105,850 $49,140 $54,912
Walla Walla $100,375 $94,900 $46,188 $55,278
Wenatchee $93,440 $87,965 $58,500 $56,536
Yakima $100,612 $94,900 $55,800 $55,278

Long Term Care Insurance Washington State Partnership

The Long Term Care Insurance Washington State Partnership (LTCP) program is a special program combining private long term care insurance coverage with special access to Medicaid. The LTCP program allows Washington residents to shield a portion or all of their wealth (assets) and still be able to qualify for Medicaid if their long term care needs extend beyond what is payable by their private long term care insurance policy.

The private long term care insurance Washington companies are mandated by the Washington State Long Term Care Partnership to offer specific benefits. These requirements can help take the guesswork out of choosing your long term care insurance coverage. Section 6021 of the 2005 Deficit Reduction Act allows for Qualified State Long Term Care Partnerships. The private long term care insurance Washington companies in conjunction with the Washington State Long Term Care Partnership program provide long term care policies that are commonly referred to as “Partnership policies”.

Long Term Care Insurance Washington State Rates

A Long Term Care Insurance Washington State Partnership policy costs about the same as other policies when designed with similar benefits. It’s worth noting that the mandated features of a Washington Long Term Care Partnership policy can limit flexibility in benefit design. For this reason, it may be beneficial to consider a non-Partnership long term care policy as a wider range of choices may be available and more suitable to a particular situation. An agent specializing in long term care insurance can explain these options to you.

Long Term Care Insurance Washington State Reciprocity

If you purchase a qualifying long term care insurance partnership policy in another State under their Long Term Care Partnership program, you will not lose your asset protection if you move to Washington. The State of Washington will also recognize accumulated asset protection for Medicaid qualification if you’re already receiving benefits under your Partnership long term care policy before you move to Washington. Here is a good resource on long term care partnership programs in Washington and other states.

Obtaining Long Term Care Insurance In Washington

Long Term Care Insurance Washington Partnership policies are offered by a number of long term care insurance companies. Agents representing Partnership policies offered by these companies must have a special certificate of training that is required by the State of Washington. Some of the carriers offering long term care insurance policies in Washington State include:

Request Free Quotes and Information!

We’ve specialized in Long Term Care planning solutions since 1990 and will give you professional and unbiased advice so you can decide if Long Term Care Insurance is right for your situation. We shop all the major long term care insurance companies in Washington and give you:

  1. Price comparisons customized for your specific needs from respected companies like Genworth Financial, John Hancock, Transamerica, Mutual of Omaha and others.
  2. Benefit comparisons of each company’s policy. This side-by-side comparison will cover both the similarities and differences of each plan.
  3. Financial stability reviews of each long term care insurance company’s ratings, size and claims experience.

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