§ 514H.1 Definitions
§ 514H.2 Iowa long-term care asset disregard incentive program — establishment and administration
§ 514H.3 Eligibility
§ 514H.4 Insurer requirements
§ 514H.5 Asset disregard adjustment
§ 514H.6 Application of asset disregard to determination of individual’s assets
§ 514H.7 Prior program — discontinuation of program
§ 514H.8 Reciprocal agreements to extend asset disregard
§ 514H.9 Rules

Terms Used In Iowa Code > Chapter 514H - Long-Term Care Asset Disregard Incentives

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • 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. See Iowa Code 514H.5
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
  • Insurer: means a person duly licensed in this state as an insurance company pursuant to this subtitle. See Iowa Code 510.1B
  • Long-term care insurance: means long-term care insurance as defined in section 514G. See Iowa Code 514H.1
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
  • Qualified long-term care insurance policy: means a long-term care insurance contract that is issued by an insurer or other person who complies with section 514H. See Iowa Code 514H.1
  • Qualified long-term care services: means qualified long-term care services as defined in section 7702B(c) of the Internal Revenue Code. See Iowa Code 514H.1
  • state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1