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A survey conducted in the state of Oklahoma determined the amount of $132.85 as the average cost of daily stay in a nursing home. This translates to more than $48,000 yearly expenditure for proper long term care in the state. In the view of the rising costs of proper long term care in Oklahoma and in anywhere else in the county, it would really make sense for financially able individuals to obtain long term care insurance.

There are quite several long term care insurance products offered to consumers in Oklahoma and each is specifically designed to meet certain needs of the policyholder and his or her immediate family. It would be good to note that long term care is typically not covered in most, if not all, of health insurance products offered. This is because long term care goes beyond paying the medical bills of a particular policyholder. It involves paying for expenses associated with taking care of an individual who is unable to perform activities of daily living by themselves, such as bathing, eating, going to the toilet, and dressing. Long term care may be provided in nursing homes, in adult day care centers, or even right at home.

Apart from purchasing typical long term care insurance policies, consumers also have the option of enrolling in the Oklahoma Long Term Care Partnership program between the state and private insurance companies. One prominent feature of this particular insurance product is asset protection, in which assets equal to the amount of insurance benefits purchased will be disregarded when the policyholder applies for SoonerCare, the Medicaid program of the state. This is particularly useful if policyholders would expect to exhaust their insurance benefits and would still continue to require long term care need. In order for consumers to avail of this particular program, they need to transact with insurance agents who have undergone proper training in offering and selling this particular product. To this end, consumers must demand proper proofs of certification and may even want to check with the Oklahoma Insurance Department for verification.