Ohio, situated in the Midwestern United States, is well known as “The Buckeye State”, referring to the buckeye tree, which can be found growing across the state’s natural landscape. Ohio’s capital Columbus is home to a number of different universities and is the largest metropolitan area in the state. The state is known for being very business friendly, consistently being named the recipient of a number of top business rankings and awards. Although Ohio’s long term care costs are about on par with the national average, Ohioans still need to plan ahead to ensure they are able to pay for their long term care should they ever need it.
Ohio established the Long Term Care Insurance Partnership Program in 2007 to help residents cover the high and rising cost of long term care. The program is a joint venture between private insurers and the state government to mitigate risk and avoid the potential of the state absorbing these high costs of care.