Sec. 8. An individual who is either:

(1) the beneficiary of a qualified long term care policy approved by the department of insurance; or

Terms Used In Indiana Code 12-15-39.6-8

  • 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
  • health maintenance organization: has the meaning set forth in IC 27-13-1-19. See Indiana Code 12-15-39.6-4
  • long term care: means the provision of the following services in a setting other than an acute care wing of a hospital to enable individuals whose functional capacities are chronically impaired to be maintained at their maximum level of health and well-being:

    Indiana Code 12-15-39.6-1

(2) enrolled in a health maintenance organization that both provides long term care services and meets the requirements under sections 4 and 5 of this chapter;

is eligible for assistance under the Medicaid program using the asset disregard under section 10 of this chapter.

As added by P.L.24-1997, SEC.53.