Arizona Long-Term Care Insurance Partnership Program

 

The state of Arizona Long-Term Care Insurance Partnership Program is a partnership between the state government and private long-term care insurance companies to assist AZ residents in planning for their long-term care needs. Partnership policies will protect the policyholder's assets through Asset Disregard under Arizona's Medicaid Program.

Asset Disregard provides a dollar for dollar asset protection. Each dollar your long-term care insurance partnership policy pays out in benefits entitles you to keep a dollar of your assets if you ever need to apply for Medicaid.

Under the federal Deficit Reduction Act of 2005, Arizona is an authorized Long-Term Care Partnership program state. AZ Partnership policies must be tax-qualified, contain certain consumer protection provisions and provide inflation protection. Read more for the state and federal requirements.

The average costs of care on a daily basis in the state of AZ are listed below:

Homemaker Services
$119
Home Health Aide
$125
Adult Day Care
$82
Assisted Living Facility
$102
Nursing Home, Private Room
$226
Nursing Home, Semi-Private Room
$186

*This information came from the Genworth 2012 Cost of Care Survey.

Arizona Partnership policies are available from licensed insurance professionals that represent carriers that are authorized to sell Arizona Long-Term Care Partnership policies. To speak to a licensed professional in your area you can complete this form.