§ 514H.1 — Definitions

Iowa § 514H.1

• Jurisdiction: Iowa
• Title XIII: COMMERCE
• Ch. 514H: LONG-TERM CARE ASSET DISREGARD INCENTIVES

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As used in this chapter, unless the context otherwise requires:
1. “Deficit Reduction Act of 2005” means section 6021(a)(1)(A) of Pub. L. No. 109-171 as
it pertains to the expansion of state long-term care insurance partnership programs.
2. “Long-term care facility” means a facility licensed under chapter 135C or an assisted
living program certified under chapter 231C.
3. “Long-term care insurance” means long-term care insurance as defined in section
514G.103 and regulated in section 514G.105.
4. “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.4.
5. “Qualified long-term care services” means qualified long-term care services as defined
in section 7702B(c) of the Internal Revenue Code.
6. “Qualified state long-term care insurance partnership” means an approved state plan
amendment, according to the Deficit Reduction Act of 2005 that provides for the disregard of
any assets or resources in an amount equal to the insurance benefit payments that are made
to or on behalf of an individual who is a beneficiary.