2009 Iowa Code
Title 13 - Commerce
Subtitle 1 - Insurance and Related Regulation
CHAPTER 514H - LONG=TERM CARE ASSET DISREGARD INCENTIVES
514H.5 - ASSET DISREGARD ADJUSTMENT.

        514H.5  ASSET DISREGARD ADJUSTMENT.
         1.  As used in this section, "asset disregard" means a one
      dollar increase in the amount of assets an individual who is the
      beneficiary of a qualified long-term care insurance policy and meets
      the requirements of section 514H.3 may retain under section 249A.35
      for each one dollar of benefit paid out under the individual's
      qualified long-term care insurance policy for qualified long-term
      care services.
         2.  When the division responsible for medical services within the
      department of human services determines whether an individual is
      eligible for medical assistance under chapter 249A, the division
      shall make an asset disregard adjustment for any individual who meets
      the requirements of section 514H.3.  The asset disregard shall be
      available after benefits of the qualified long-term care insurance
      policy have been applied to the cost of qualified long-term care
      services as required under this chapter.  

         2005 Acts, ch 166, §6, 13; 2009 Acts, ch 145, §18
         Referred to in § 249A.35, 514H.3, 514H.6, 514H.7, 514H.8