Rhode Island Long-Term Care

Important State Information

Federal Partnership Program

The State of Rhode Island, like most states, participates in the federal/state long-term care partnership program in order to help families protect assets from the high costs of long-term health care. This “dollar-for-dollar asset protection” provides additional benefit for qualified LTC insurance plans. The state established the Rhode Island Qualified Long-Term Care Insurance Partnership (QLTCIP) program to provide for the disregard of a Medicaid applicant's resources in an amount equal to the benefits paid by their QLTCIP policy in the event they exhaust their policy benefits. The total amount paid by the individual's QLTCIP policy at the time of death is also disregarded in the determination of the amount to be recovered from a beneficiary's estate.

Policy Example

If your Rhode Island Qualified Long-Term Care Insurance Partnership policy paid $425,000 in benefits you would have an equal amount of asset disregard.

The amount that will be protected during estate recovery is the same amount that was disregarded in the eligibility determination. There may be continuing QLTCIP policy payments after Medicaid eligibility is established, so if the person later gains assets, he/she may have more protected than at the time of eligibility. Thus, the total amount paid by the individual's QLTCIP at the time of death is to be disregarded in the determination of the amount to be recovered from a beneficiary's estate.

Reciprocity

Most states have reciprocity with other states' long-term-care partnership programs including Rhode Island. This means if you move from or to Rhode Island your partnership asset protection follows you as well.

Medicaid

Long-Term Care Medicaid spend down is $4,000. A spouse’s minimum asset allowance is $25,284. Your spouse’s minimum monthly income allowance is $2,057.50. *

For more information about the Medicaid program visit www.medicaid.gov.

Rate Stability Rules

In addition, Rhode Island consumers enjoy additional peace-of-mind as the state has adopted Long-Term Care Insurance Rate Stability Rules.  These rules, developed the National Association of Insurance Commissioners, makes it much harder for an insurance company to get an approved rate increase.

Products Approved in Rhode Island

A variety of products are approved in Rhode Island for Long-Term Care planning. This includes the traditional plans, including partnership certified policies, short-duration policies, and asset-based “hybrid” policies.

Tax Incentives

Rhode Island does not offer any state tax incentive for qualified Long-Term Care insurance; however, federal tax incentives are still available.

*The federal government sets a new minimum and maximum amounts each year, but states can set their own minimum requirements at any level between the federal limits. This information is based on the best available sources.

Rhode Island state emblem
State Breakdown
State Partnership Program
State Tax Incentives
Federal Tax Incentives
Rate Stability Rules
Medicaid Spend Down $4,000
Minimum Asset Allowance $25,284
Minimum Monthly Income Allowance $2,057.50
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Calculate the Cost of Care in Rhode Island

View the costs of Long-Term Care in your area. Use the slider below to view future costs of care services with inflation.

Rhode Island Median
Long-Term Care 2019 2034(+16 Years) 2019 2034(+16 Years)
Homemaker Services $60,094 $93,625(+$35,281) $60,094 $93,625(+$35,281)
Home Health Aide $63,629 $99,132(+$37,356) $63,629 $99,132(+$37,356)
Adult Day Care $20,085 $31,292(+$11,792) $19,951 $31,083(+$11,713)
Assisted Living Facility $53,766 $83,766(+$31,566) $60,558 $94,347(+$35,553)
Semi-Private Room $109,026 $169,858(+$64,008) $114,665 $178,644(+$67,319)
Private Room $120,304 $187,430(+$70,630) $124,064 $193,287(+$72,837)

Long-Term Care Throughout Rhode Island

Providence

Providence is the capital and biggest city in Rhode Island. The average cost of a skilled nursing facility runs $10,038 a month. The cost of an Assisted Living Facilityaverages $4,900 a month. Adult Day Care Centers average $1,614 a month. Care at home, based on a 44-hour week, averages $5,148 a month.

More Locations

Other population centers in Rhode Island include Coventry, Cranston, Cumberland, East Providence, North Providence, Pawtucket, South Kingstown, and Woonsocket.

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