§ 63-1-1955-2

As used in the Oklahoma Long-Term Care Partnership Act, unless the context clearly indicates otherwise: 1. 'Asset disregard' means the total assets an individual owns and may retain upon application for the state Medicaid program and still qualify for benefits if the individual:a.is a beneficiary of a Long-Term Care Partnership Program approved policy, andb.has exhausted the benefits of such policy.Asset disregard is increased by One Dollar ($1.00) for each One Dollar ($1.00) of benefit paid out under the individual’s long-term insurance policy if the individual purchased the policy through the Oklahoma Long-Term Care Partnership Program;2. 'Authority' means the Oklahoma Health Care Authority;3. 'State Medicaid program' means the federal medical assistance program established under Title XIX of the Social Security Act; and4. 'Oklahoma Long-Term Care Partnership Program approved policy' means a long-term care insurance policy that is approved by the Insurance Department and provided through state-approved long-term care insurers through the Oklahoma Long-Term Care Partnership Program.Added by Laws 2004, c. 283, § 2.