New York Program to Promote Long-Term Care Insurance for the Elderly Offers Full Asset Protection in Exchange for Mandatory Insurance

Program to Promote Long-Term Care Insurance for the Elderly

The New York State Partnership for Long-Term Care (NYSP) was implemented in April 1993. Called the partnership program, New York's total-assets protection model requires a three-year policy for nursing home care and a six-year policy for home care—or some combination thereof—and Medicaid extended coverage once the private insurance benefit expires, with total-asset protection.

The project was part of the Robert Wood Johnson Foundation's (RWJF) national Program to Promote Long-Term Care Insurance for the Elderly.

Key Findings

  • As of mid-2000, 27,903 NYSP policies were in effect (representing an increase of 197% over four years), and 14 insurers were participating in the partnership program.

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