Connecticut has a partnership between the state and private insurance agencies to provide an option for long term care without depleting all of your assets. This creates a competitive market for long term policies. In addition to paying for costs associated with extended care, this partnership offers protection for Connecticut's Medicaid plan. In other words, you do not have to become impoverished to qualify for Medicaid benefits.

Everyone is at risk for needing long term or extended care. Having a good medical or disability insurance policy is not enough. These do not cover long term care. They only cover the acute phase of hospital care or related services. The high cost of healthcare services are escalating and the only safety net is to have a good policy in place to cover around-the-clock assistance.

Understanding Connecticut Long Term Care Insurance

Before considering any policy, it is important to become familiar with some basic insurance terms. The premium is the amount of money you will pay monthly or annually to keep the policy in effect. Look closely for the terms related to the premium. Is the plan guaranteed to be renewable regardless of your health? Is there a cap or limit on the total amount of money the plan will pay?

Never enroll in a plan that you do not understand. Use the expertise of someone you can trust to find the right policy. An independent insurance agent or broker can give you quotes from several insurance companies. Since they are not hired by a specific company, they can fully explain the terms of each of the different policies to your satisfaction.