Ohio long-term care insurance companies offer policies that qualify under the state's Long-term care Partnership Insurance Program. Partnership insurance offers a way for people to buy long-term care insurance, receive policy benefits and protect a matching amount of assets if they need to apply for Medicaid. With any insurance policy, it is important for the consumer to choose the type of coverage that fits their needs. Only you can decide if Long Term Care insurance is right for you. Your decision should depend on personal health and wealth matters.
When weighing long-term care planning options, you need you need to be sure you do your homework: get a realistic idea of what you need and how much you can afford to pay. Make sure you can pay the premiums and still have enough money for basic needs such as housing, food, medicines, etc. Ask a trusted friend or relative to join you when an agent visits your home. Also, have them review the policy to see what you may have missed. Shop around — long-term care policies can have big differences in price and benefits.