Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

Increased Public Awareness of the Long-Term Care Insurance Partnership Program Would Contribute to the Program's Success

Report 09-08, February 2009




Report Summary

  • The Long-Term Care Insurance Partnership Program seeks to alleviate the financial burden on the state's Medicaid program by encouraging individuals to purchase private long-term care insurance. Five state agencies are coordinating efforts to implement the program.
  • As of June 30, 2008, over 15,000 Floridians had partnership policies, obtained either by purchasing new policies or exchanging older policies for partnership long-term care policies. Prior to the program's implementation in Florida, 465,800 residents were covered by long-term care insurance. Thus, the partnership program represents a relatively small proportion of total long-term care coverage for Florida residents.
  • Partnership policyholders were most frequently between the ages of 55 and 65 at the time they acquired policies. Most purchased three to five years of long-term care coverage. Policyholders' maximum benefit coverage ranged from $54,000 to $1,440,000, with some policyholders purchasing unlimited benefits. Older policyholders paid higher premiums and purchased lower levels of coverage.
  • Several obstacles could affect the program's success including a lack of public awareness and impediments to purchasing long-term care insurance.

Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
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