2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 514H - LONG=TERM CARE ASSET DISREGARD INCENTIVES
514H.2 - IOWA LONG-TERM CARE ASSET DISREGARD INCENTIVE PROGRAM -- ESTABLISHMENT AND ADMINISTRATION.

        514H.2  IOWA LONG-TERM CARE ASSET DISREGARD INCENTIVE
      PROGRAM -- ESTABLISHMENT AND ADMINISTRATION.
         1.  The Iowa long-term care asset disregard incentive program is
      established to do all of the following:
         a.  Provide incentives for individuals to insure against the
      costs of providing for their long-term care needs.
         b.  Provide a mechanism for individuals to qualify for
      coverage of the costs of their long-term care needs under the medical
      assistance program without first being required to substantially
      exhaust all their resources.
         c.  Assist in developing methods for increasing access to and
      the affordability of long-term care insurance.
         d.  Alleviate the financial burden on the state's medical
      assistance program by encouraging the pursuit of private initiatives.

         2.  The insurance division of the department of commerce shall
      administer the program in cooperation with the division responsible
      for medical services within the department of human services.  Each
      agency shall take all necessary actions, including filing an
      appropriate medical assistance state plan amendment to the state
      Medicaid plan to take full advantage of the benefits and features of
      the Deficit Reduction Act of 2005.  

         2005 Acts, ch 166, §3, 13; 2009 Acts, ch 145, §15