Navigating the costs of long-term care in Connecticut can be complex, especially for seniors and their families. Whether you’re planning for your future or managing care for a loved one, it’s important to understand the various funding options available. These include private pay, Medicaid (HUSKY Health), Medicare, long-term care insurance, and state-specific assistance programs.
1. Private Pay for Long-Term Care
Paying out-of-pocket, also known as private pay, remains a common option for long-term care in Connecticut. This method can be financially demanding, particularly when it comes to nursing homes or assisted living facilities. It’s important to plan early and consult with an elder law attorney to explore strategies that can help protect your assets.
2. Medicaid (HUSKY Health) and the Connecticut Home Care Program for Elders (CHCPE)
Connecticut’s Medicaid program, HUSKY Health, covers long-term care for individuals who meet specific income and asset criteria. A key feature of Medicaid planning in Connecticut is the Connecticut Home Care Program for Elders (CHCPE), a Medicaid waiver program that helps eligible seniors receive home-based services, allowing them to delay or avoid institutional care. Legal guidance can be essential in navigating Medicaid eligibility and asset protection strategies.
3. Medicare Coverage for Long-Term Care
While Medicare does not typically cover long-term custodial care, it does provide limited benefits for skilled nursing facility stays. Medicare may cover:
- Up to 20 days in a skilled nursing facility at full cost
- An additional 80 days with a daily co-payment, provided there was a qualifying hospital stay of at least three consecutive days
Understanding the limitations of Medicare is crucial when planning for long-term care needs.
4. Long-Term Care Insurance and the Connecticut Partnership Program
Long-term care insurance can help offset the high costs associated with extended care needs. However, policies often come with restrictions and may not cover all services. Connecticut residents may benefit from the Connecticut Partnership for Long-Term Care, a unique collaboration between the state and private insurance providers. This program allows policyholders to protect a portion of their assets if they later apply for Medicaid.
5. Additional Long-Term Care Funding Options
Other possible sources of long-term care funding include:
- Veterans’ benefits
- Social Security retirement benefits
- Reverse mortgages
- Life insurance conversions
- Annuities and private financial planning tools
Need Help with Long-Term Care Planning in Connecticut?
At Farrell & Grochowski we specialize in elder law, Medicaid planning, personal injury and asset protection. If you or a loved one is exploring long-term care options, our experienced attorneys can guide you through the legal and financial planning process to help preserve your assets and secure the care you need.
Contact us today for a consultation and take the first step in preparing for your future with confidence.
