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The recent times have seen the rising interest of consumers for long term care and the increasing number of long term care insurance products to address this demand. This is because of the rising costs associated with taking care of someone who is incapable of taking care of themselves due to disability and debilitating illnesses. Typically, long term care is needed for people who are unable to perform common everyday activities like household chores and purchasing groceries for themselves. Long term care is also necessary for those who are unable to perform tasks of daily living like bathing, eating, and going to the bathroom.

However, it should be good to know early on that not all people are suited to purchase long term care insurance. Due to high cost of premiums, long term care insurance are not suitable for those who are expected only to live off their social security pensions and have limited assets. The average age of long term care insurance buyers is 65, with those availing of the plan beyond this year could find the prospect of paying for higher and more financially restrictive plan costs.

Because long term care is now becoming a major concern among the elderly people on the state, the Kentucky Long-Term Care Partnership Insurance Program was created. This program is intended to encourage for residents to utilize private long term care insurance policies. It also provide asset protection for older individuals, as they can qualify for Medicaid services while not needing to use up all their available assets and resources.

Any policy offered under the partnership program must first be approved b the Kentucky Office of Insurance and regulates the training of insurance agents who will sell this particular product. Its partner, the Department of Medicaid Services shall be one to provide all materials for the training of aforementioned agents.

Before purchasing long term care insurance policies, the potential policyholder and his or her immediate family would need to discern first what type of care and facilities would be needed. Among the type of long term care facilities available in the state are hospital-based facilities, nursing homes, intermediate care facilities, and custodial care facilities that may provide less services that those given in nursing homes. Of course, some families may opt to provide home care for their elderly.