What type of program is the Indiana long term care insurance partnership program?

The Indiana long term care insurance partnership program is classified as a public-private partnership. This designation is significant because it involves collaboration between government entities and private insurance companies. The primary goal of this partnership is to promote the purchase of long-term care insurance policies in a way that benefits consumers while also addressing broader public health and welfare goals.

By being a public-private partnership, the program allows for the integration of resources and expertise from both sectors, leading to a more effective approach in managing long-term care needs within the state. Indiana's program aims to provide individuals with financial protection against the high costs of long-term care, while also allowing policyholders to protect a portion of their assets if they need to access Medicaid after exhausting their insurance benefits.

This structure signifies a commitment from the state to encourage private long-term care insurance planning, enhancing the overall long-term care system and reducing the potential strain on state resources and taxpayers when residents require such services.