Long-Term Care

​​​​

​​​Last Updated: April 24, 2022

In general, the phrase "long-term care" refers to a broad range of medical or personal care services you may need for an extended period of time because of a chronic illness or disability. It usually does not include the type of care people receive on a short-term basis following a hospitalization or an acute illness.

Whether you require long-term care depends on your level of disability. The chances of needing long-term care usually increase as you age, but long-term care may be needed at any age.

Preparing for the possibility of long-term care before you need it allows you the opportunity to make an informed and educated decision about your future long-term care needs.

Long-Term Care Insurance Basics​ 

Guide to Long-Term Care

Long-Term Care Insurance Approved Policies in Wisconsin

Another way to cover long-term care expenses is through a rider attached to a life insurance policy. Long-term care riders attached to life insurance policies are different from long-term care policies in several respects. For example, monthly benefits for a sta​y in a covered nursing home are typically based on a percentage of the life insurance amount. A $100,000 policy with a 2% benefit would give you $2,000 a month. A monthly benefit for home health care, when covered under the rider, is usually half of the nursing home benefit.

Some life insurance companies offer annuity contracts with a rider that covers long-term care expenses. An annuity contract with a long-term care rider allows you to use the funds accumulated in your annuity to pay for long-term care expenses without applying any surrender charges. Companies charge an additional premium for this rider.


​​Na​tiona​l Clearinghouse for ​​LTC Information​

The National Clearing​hous​e for Long-Term Care Information  website was developed by the US Department of Health and Human Services to provide information and resources to help you and your family plan for future long-term care (LTC) needs. We want to help you understand what long-term care is, how and where you can get information and services you need - now or i​n the future, and how to pay for services.


Long-Term Care Insurance Partnership Program (LTCIP)

See the Wisconsin Department of Health Services ​​ website for information regarding ​​the Long-Term Care Insurance Partnership.

Qualified Long-Term Care Insurance Partnership Policies

Company NamePolicy Form
Numbers
Partnership
Certification
Date
Individual
or Group
Bankers Life and Casualty Company
1-800-231-9150
GR-N620
GR-N650
GR-N640
8/13/2009Individual

Genworth Life Insurance Company
1-888-436-9678
8000R1
7046WI
7050POL
3/6/2014
12/15/2010
4/20/2009
Individual
Group
Group
LifeSecure Insurance Company
1-866-582-7702
ICC17-LS-LTC-006

​3/14/2018
​Individual
Mutual of Omaha Insurance Company
1-800-896-5988
​ICC13-LTC13
​8/23/2013
​Individual
National Guardian Life Insurance Company​ ​​
1-800-548-2962
ICC16-NLTC100P​4/2/2018Individual​
New York Life Insurance Company
1-800-225-5695
​ICC14-LTC6
ICC18-LTCD PLCY (0218)
4/20/2015
5/16/2018
​Individual
Individual
Northwestern Long Term Care Insurance Company
1-800-890-6704
UU.LTC.​(1014)​1/6/2014
​Individual
Thrivent Financial for Lutherans ​​
1-800-847-4836
​ICC13-H-HX-LTC​10/25/2015​Individual

​​[Back to Top]