New Mexico Long-Term Care Partnership Program

New Mexico long-term care partnership program logo imageNew Mexico’s Long-term Care Partnership Program is a partnership program between Medicaid and private long-term care insurers designed to encourage individuals to purchase private long-term care insurance. New Mexico long-term care partnership policies are tax-qualified (a portion of premiums paid may be claimed as a tax deduction) under federal law; provide policyholders with inflation protection; and most importantly, provide dollar-for-dollar asset protection in the event the policyholder needs to apply for long-term care Medicaid assistance. For every dollar that a New Mexico long-term care partnership policy pays out in benefits, a dollar of assets can be protected from Medicaid spend-down requirements.

Under the New Mexico Long-Term Care Partnership Program, individuals who purchase long-term care insurance policies that meet certain requirements specified by the Deficit Reduction Act of 2005 (Partnership Policies) can apply for Medicaid under special rules for determining financial eligibility and Medicaid estate recovery. These special rules generally allow the individual to protect assets equal to the insurance benefits received from a Partnership Policy. These assets will not be taken into account when determining financial eligibility for Medicaid and will not subsequently be subject to Medicaid estate recovery.

Policy Finder
New Mexico long-term care insurance logo

Answer a few short questions and get a customized quote within 24 hours.

We guarantee your information will never be sold, transferred, or distributed to any other entity for commercial purposes. Click here to read our full privacy statement. 


Effective Date

September 29, 2015

Does 1% Compound Qualify
Yes, for all ages.
Inflation Requirement issue age 60 and under
Must have annual compound inflation coverage
Inflation Requirement issue age 61 to 75
Must have some form of inflation protection (compound or simple)
Inflation Requirement issue age 76 or over
Must be offered inflation protection, but they are not required to purchase it.
What if Inflation Growth stops at age 76
It can qualify for the Partnership