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Last Updated September 11, 2020

Arizona Long Term Care Insurance

Fast Facts

AZ Average daily benefit purchased: $ 144 per day.

The population of Arizona is close to 6.4 million people, and in the top ten of the most populous states in the US. With nearly 900,000 residents aged 65+ (according to the 2010 US Census), there are many residents in the Grandy Canyon State who are in need of Long Term Care services such as home health care and care in Nursing Homes and Assisted Living Facilities. This growing number of Arizonia seniors will increasingly need and use Long Term Care services, putting economic stress on both families and the state. In 2011, Arizona's Long Term Care Medicad expenses alone exceeded $2 billion.

The Arizona Long Term Care Partnership program is a public-private partnership and innovative program that offers Arizonans affordable, quality long-term care insurance for needed care without depleting all their assets. The program is a joint partnership between the state's Medicaid program and the insurance companies and is designed to provide Grand Canyon State residents with an incentive to by a Long Term Care insurance policy and better protect their assets.Those who purchase a Long Term Care insurance policy through the Arizona Long Term Care Partnership program are protected both by their private policy and eventually, if needed, by Medicaid. What's more, most states will recognize a partnership policy purchased in Arizona, even if you move out of state, meaning that Arizonans who purchase a partnership plan get the same Medicaid asset protection if they move somewhere else.

Arizona residents have the choice of around 17 great Long Term Care Insurance companies that can help protect their savings in the event they need Long Term Care services. With this many companies to choose from, and the added security from the Partnership program, Long Term Care insurance should be a key part of Arizona residents' retirment plans.

Most Popular Long Term Care Companies in Arizona

    1) Genworth
    2) Mutual of Omaha
    3) Mutual of Omaha Mutual Care Plus
    4) Genworth Privileged Choice Flex 2
    5) Transamerica
    6) Mutual of Omaha Mutual CarePlus
    7) Mass Mutual
    8) John Hancock Custom Care III
    9) John Hancock Custom Care III 2012
    10) Transamerica TransCare II 2012
    11) Genworth Privileged Choice Flex2
    12) Northwestern Mutual TTQuietCare 2013
    13) Prudential
    14) United of Omaha AssuredSolutions Gold
    15) Genworth Privileged Choice Flex

Most Insured Cities in Arizona

1) Tucson - last quote: $150/day
2) Phoenix - last quote: $150/day
3) Chandler - last quote: $150/day
4) Mesa - last quote: $150/day
5) Scottsdale - last quote: $150/day
6) Gilbert - last quote: $150/day
7) Peoria - last quote: $100/day
8) Flagstaff - last quote: $150/day
9) Lake Havasu City - last quote: $100/day
10) Glendale - last quote: $150/day
11) Oro Valley - last quote: $200/day
12) Tempe - last quote: $150/day
13) Sun City - last quote: $150/day
14) Goodyear - last quote: $150/day
15) Laveen - last quote: $150/day

Interactive Map of Arizona LTC Insurance Costs

More on Arizona

An article from Tucson, Arizona this morning reminded me that we needed to post an announcement here that Arizona is now a Long Term Care Insurance Partnership state.

What does Partnership Mean, Anyway?

We wrote an article in 2007 that outlined some of the basics of the various Partnership plans.  In a nutshell, Partnership plans are designed by the states to encourage middle-income citizens to purchase Long Term Care Insurance.  In Arizona, the program provides access to Medicaid in an accelerated fashion for those who have assets.  There are plenty of caveats that come along with the program, so you'll want to review all of the rules.  But, in general, here are a few pointers:

  • You may shield up to the same dollar amount as your Long Term Care Insurance policy has paid out.  For someone purchasing an average plan today (5 yrs, $150/day), that will be well over $1,000,000 in asset protection in 30 years.
  • You will need to purchase inflation protection, subject to age limitations.
  • You will still have to meet all other Medicaid qualifications.
Because the Arizona Partnership Program for Long Term Care is so complicated, it is very important to find an agent who understands the implications of it.  LTC Tree has a network of agents in Arizona and some outside the state who have been educated and certified in the Arizona Long Term Care Insurance state partnership programs for several years, we understand the law and how it may benefit you in your retirement planning.

If you are an Arizona resident, and are interested in the Arizona Long Term Care Insurance Partnership, please allow us to put together our industry leading quote comparisons tailored just to your needs by simply filling in our form below.

 

Request Free Quotes Now Below

LTC Tree, the smart and easy way to shop for Long Term Care Insurance.
Watch the video below to see an example of what info you'll get.

1 Reviews of each company's financial stability ratings, claims experience, and size.

2 A side-by-side comparison of each company's policy features. We cover the similarities and the differences.

Price comparisons customized to suit your specific needs from top carriers such as Genworth, Transamerica, John Hancock, New York Life, National Guardian Life, Mutual of Omaha, and more.

Carriers quoted will depend on your state. Completing this form does not bind you to any insurance policy.