Utah Long-Term Care Information

Effective October 1, 2014, Utah authorized participation in their federal/state long-term care partnership program. Utah Long-Term Care Insurance Partnership (LTCIP) policies are insurance policies that will pay for some or all of the client's long-term care medical needs while also allowing a form of asset and estate recovery protection for Medicaid purposes.

At the moment, no insurance company has filed with the state to be partnership certified. When that happens, these qualified policies will provide dollar-for-dollar asset protection.

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 Utah. This means if you move from or to Utah your partnership asset protection follows you as well.

Utah does not offer any state tax incentive for qualified long-term care insurance as there is no state income tax. However, federal tax incentives are available.

A variety of products are approved in Utah for Long-Term Care planning.