The State of Arizona participates in the federal/state partnership program. This program provides additional asset protection. In the event that you exhaust your benefits from a qualified Arizona Partnership Long-Term Care policy, the state will provide you dollar-for-dollar asset protection. This would allow you to qualify for Medicaid long-term care benefits while retaining more of your assets than what Medicaid would typically allow.
Long-Term Care Medicaid spend down is $2000. A spouse’s minimum asset allowance is $24,720
Most states have reciprocity with other states' long-term-care partnership programs including Arizona. This means if you move from or to Arizona your partnership asset protection follows you as well.
No state tax incentives exist at this time. Federal tax incentives do apply.
A variety of products are approved in Arizona for Long-Term Care Insurance planning.
|Home Health Aide||Average Monthly Rate||$4,433|
|Homemaker Services||Average Monthly Rate||$4,338|
|Adult Day Care||Average Monthly Rate||$2,004|
|Assisted Living||Average Monthly Cost||$3,800|
|Skilled Nursing Home||Semi-Private Monthly||$6,494|
|Skilled Nursing Home||Private Average Monthly||$7,908|