Independent Insurance Agency — North Carolina
Roughly half of people turning 65 will need some form of paid long-term care in their lifetime — and NC's Long-Term Care Partnership Program can protect your assets dollar-for-dollar if you ever need Medicaid after your policy is exhausted. ALLCHOICE Insurance compares multiple top-rated carriers to build the right plan.
What it is
Long term care insurance covers costs that traditional health insurance and Medicare don't — nursing home care, assisted living, and in-home care for people who need help with daily activities due to a chronic condition or cognitive impairment.
As an independent agency, ALLCHOICE Insurance compares long term care coverage across multiple top-rated carriers, including NC Partnership-qualified policies that add real Medicaid asset protection to your long-term care planning.
NC Partnership Program
Effective since March 2011, this program links a qualifying LTC policy directly to Medicaid — giving you real asset protection if your private coverage is ever exhausted:
A $300,000 Partnership-qualified policy, for example, protects an additional $300,000 of your assets beyond standard Medicaid limits if you eventually need Medicaid after your policy benefits are used. Buying a Partnership policy does not automatically qualify you for Medicaid — it only protects assets if and when you need to apply.
Coverage types
Covers the cost of residing in a licensed nursing facility, one of the highest-cost forms of long-term care.
Core coverageCovers residential care communities that provide help with daily activities while allowing more independence than a nursing home.
Core coverageCovers professional caregiving services in your own home — often the preferred option for people who want to age in place.
Core coverageA dedicated LTC policy with no life insurance or annuity component — pure long-term care benefit, with no payout if care is never needed.
Standalone optionCombines life insurance with an LTC rider — if care is never needed, the death benefit passes to beneficiaries instead.
Hybrid optionLinks annuity growth to an available long-term care benefit pool, often with simplified underwriting compared to traditional LTC insurance.
Hybrid optionWhat you'll pay
Cost depends heavily on your age and health at the time of purchase — buying earlier, while healthier, generally locks in a lower premium.
Exclusions
Why independent
Long term care planning involves real tradeoffs between traditional, hybrid, and Partnership-qualified policies. ALLCHOICE Insurance compares carriers to structure the right combination of protection and value for your situation.
We compare LTC coverage across multiple top-rated carriers — including NC Partnership-qualified options.
We help you understand exactly what inflation protection and consumer protection requirements apply to your age group.
We help weigh a standalone LTC policy against a hybrid life/LTC or annuity/LTC product based on your goals.
If long-term care is ever needed, your ALLCHOICE advisor works on your family's behalf through the process.
FAQ
People also ask
At what age should I buy long term care insurance?
Many financial professionals suggest considering LTC insurance in your 50s or early 60s, since premiums rise with age and health issues can affect eligibility entirely if you wait too long.
Does Medicare cover long-term care?
Only in limited circumstances. Medicare covers skilled nursing facility care for a limited time under specific conditions following a qualifying hospital stay, but it does not cover ongoing custodial care like help with daily activities, which is what most long-term care actually involves.
Can I move out of North Carolina and keep my Partnership policy's protections?
It depends on the destination state. A Partnership policy may lose its Partnership status if you move to a state that doesn't recognize North Carolina's Long-Term Care Partnership Program — worth confirming before an interstate move if this protection matters to your planning.
Is long-term care insurance worth it if I already have significant savings?
It depends on your goals. Some people with significant assets self-insure the risk; others prefer to protect those assets from a potentially six-figure care expense using insurance, particularly if they want to preserve an inheritance or avoid a Medicaid spend-down entirely.
New to ALLCHOICE?
Takes about five minutes to get started. We compare long term care options across carriers, including NC Partnership-qualified policies.
Get Your Long-Term Care QuoteAlready an ALLCHOICE client?
Log in to the Member Center to review your current long term care coverage or ask about adding a policy.
Member Center