Long-Term Care Insurance: Connecticut's Public-Private Partnership Has Steady Growth
Connecticut became the first state to implement a public-private partnership to finance long-term care in 1992. The policies allowed purchasers to keep control of their assets equal to the amount the insurance policy paid for long-term care services.
The project was part of the Robert Wood Johnson Foundation's (RWJF) national Program to Promote Long-Term Care Insurance for the Elderly.
- Sales of policies from the Connecticut Partnership for Long-Term Care have grown steadily since the program's inception.
- As of September 30, 2000, 13,692 policies were in effect.