Long-Term Care Insurance Arizona

Long-term care issues can be complex and confusing. With so many options, services, and settings in which care is given, many people delay learning about the issues until they are personally affected. Unfortunately, that is likely to be the time when you are under the most pressure to make a decision, and when time is too short to carefully weigh your options.

Because these long-term care issues deserve your careful attention, don’t wait until it’s too late to find out all you can about this important healthcare alternative. Don’t wait any longer to find out important information!

What is Long-Term Care?

Long-term care is the day-in, day-out assistance you might need if an illness or disability lasts a long time and leaves you unable to care for yourself. This may or may not include a nursing home stay. In other words it is a continuum of services that can be provided in a variety of settings ranging from one’s own home, assisted living facility, adult day care facility or a nursing home. Long-term care covers a broad spectrum of care and services ranging from basic personal care to medical care.

Long-Term Care Insurance Arizona Shopping Tips

  • Shop around for an insurance agent and an insurance company–ask friends, family or neighbors if they recommend their insurance agent or company.
  • Ask insurance agents which insurance company’s products they sell; most agents only sell products from a few companies. Compare several different products from several different insurance companies. You might need to talk with several different agents.
  • Carefully compare the benefits and restrictions of policies.
  • Most LTC insurance premiums increase over time. Carefully evaluate whether premium payments over a long period could be a financial hardship.
  • Never pay insurance premiums in cash; do not make checks payable to the insurance agent.
  • Read your policy carefully and ask follow up questions.
  • Use your 30-day “Free Look” period to return a policy for a full refund if you are not satisfied!
  • Understand what a Long-Term Care Partnership (LTCPP) policy is, how it differs from non-LTCPP policies, and whether it is affordable for you.

The Long-Term Care Partnership Program

Under the Long-Term Care Partnership Program, the Arizona Long Term Care System (ALTCS) will not count some or all of the applicant’s resources (assets) when determining eligibility if the applicant has a long-term care insurance policy that meets certain requirements. In addition to the amount not counted in determining eligibility, AHCCCS will not recover the same amount from the person’s estate under the Estate Recovery program.

• The resource exclusion can be applied to any type of countable resources, including real property.
• When the ALTCS applicant has a spouse, the resource exclusion only applies to resources owned solely or jointly by the applicant and cannot be applied to resources owned solely by the spouse.

How much of my resources are not counted?
AHCCCS will not count resources that a person with a qualified long-term care insurance policy has in an amount equal to the insurance benefit payments received through the end of the month before the month the person applied for ALTCS. The same dollar amount of the person’s resources are protected from the Estate Recovery program.

Mr. X, a single man, buys a qualifying long-term care insurance policy. When he enters a nursing home, the policy begins issuing benefits to Mr. X that he uses to pay for his nursing home costs.

Mr. X receives $80,000 in payments before he applies for ALTCS. As a result, $80,000 of his resources will not be counted in determining if he is resource eligible for the ALTCS program. In addition, $80,000 of any estate he may leave when he dies will be exempt from the Estate Recovery program and can be passed to Mr. X’s heirs.

How do I know if I have a Qualified State Long-Term Care Insurance Partnership Policy?
There are certain requirements that insurance companies must meet in order to have a long-term care insurance policy approved under the partnership. For example, policies must have built-in inflation protection and meet other legal requirements. Policies purchased in Arizona prior to July 1, 2008, will not meet requirements for the partnership. Contact your insurance agent to find out if your policy is a
qualified LTCP policy.

Several states have participated in the Partnership for a number of years, and Arizona honors Long Term Care Partnership policies purchased in other states. If you bought your policy in another state and you think it may meet requirements for the partnership, AHCCCS will review it to determine if it meets the requirements.

Please contact your local ALTCS office for additional information.

The State of Arizona recommends:

Searching for Rate Increase information in Arizona? We have the answers you need.

For further assistance, please contact Scott Olson at
877-727-9582 or email Scott at Scott@LTCShop.com

Arizona License #: 153149