2010 North Carolina Code
Chapter 58 Insurance.
Article 55 - Long Term Care Insurance.
58-55-55. (Contingent effective date, see note) Definitions.
58‑55‑55. (Contingent effective date, see note) Definitions.
The following definitions apply in this section:
(1) Asset. Resources and income.
(2) Department. The Department of Health and Human Services.
(3) Division. The Division of Medical Assistance.
(4) Estate recovery. The placing of a statutory claim on the estate of a deceased Medicaid recipient, as provided by G.S. 108A‑70.5.
(5) Medicaid. The federal medical assistance program established under Title XIX of the Social Security Act.
(6) Qualified long‑term care partnership policy or qualified policy. A long‑term care insurance policy approved for use in North Carolina and that meets all the requirements of the federal Deficit Reduction Act of 2005, P.L. 109‑171.
(7) Resource. Cash or its equivalent and real or personal property that is available to an applicant or recipient.
(8) Resource disregard. The amount of resources of an applicant for long‑term care Medicaid that is equal to the amount of benefits paid to the applicant under a qualified long‑term care partnership policy.
(9) Resource protection. An amount equal to the resource disregard given to a Medicaid recipient during the long‑term care Medicaid eligibility determination process. (2010‑68, s. 4.)
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