514H.7 Prior program — discontinuation of program.
1. If the Iowa long-term care asset disregard incentive program is discontinued, an individual who is covered by a qualified long-term care insurance policy prior to the date the program is discontinued is eligible to continue to receive an asset disregard as defined under section 514H.5.
2. An individual who is covered by a long-term care insurance policy under the long-term care asset preservation program established pursuant to chapter 249G, Code 2005, on or before November 17, 2005, is eligible to continue to receive the asset adjustment as defined under that chapter.
3. The insurance division, in cooperation with the department of human services, shall adopt rules to provide an asset disregard to individuals who are covered by a long-term care insurance policy prior to November 17, 2005, consistent with the Iowa long-term care asset disregard incentive program.
2005 Acts, ch 166, §8, 13; 2009 Acts, ch 145, §19
Structure Iowa Code
Chapter 514H - LONG-TERM CARE ASSET DISREGARD INCENTIVES
Section 514H.4 - Insurer requirements.
Section 514H.5 - Asset disregard adjustment.
Section 514H.6 - Application of asset disregard to determination of individual’s assets.
Section 514H.7 - Prior program — discontinuation of program.
Section 514H.8 - Reciprocal agreements to extend asset disregard.