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 policyand meets the requirements of section 514H.3 may retain under section 249A.35 for each onedollar of benefit paid out under the individual’s qualified long-term care insurance policy forqualified long-term care services. 2. When the department of health and human services determines whether an individual is eligible for medical assistance under chapter 249A, the department shall make an assetdisregard adjustment for any individual who meets the requirements of section 514H.3. Theasset disregard shall be available after benefits of the qualified long-term care insurancepolicy have been applied to the cost of qualified long-term care services as required underthis chapter. 2005 Acts, ch 166, §6, 13; 2009 Acts, ch 145, §18; 2023 Acts, ch 19, §1206Referred to in §249A.35, 514H.3, 514H.6, 514H.7, 514H.8Subsection 2 amended Sat Dec 23 00:45:51 2023 Iowa Code 2024, Section 514H.5 (15, 1)
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