Asset disregard definition

Asset disregard means, with regard to the state's medical assistance program, disregarding 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 under a qualified long-term care insurance partnership policy.

Asset disregard means, with regard to the state’s Medicaid program, disregarding assets in an amount equal to the insurance benefit payments that are made to or on behalf of an individual who is a beneficiary under a qualified long-term care partnership policy.

Asset disregard means a $1 increase in the amount of assets an individual who purchases a certified long-term care policy may retain, upon qualification for Medicaid, for each $1 of benefit paid out under the individual’s certified long-term care policy for Medicaid-eligible long-term care services in determining eligibility for the Medicaid program.

Examples of Asset disregard in a sentence

• Asset disregard Asset disregards are proposed for the LTC scheme to ensure that claimants will be able to receive additional financial assistance through means-testing, without first having to use up all of their savings and other assets.

• Asset disregard is not available under a long-term care insurance policy that is not a Partnership Policy.

• Asset disregard means the total equity value of personal property, assets, and resources not exempt under Medicaid regulations which at a minimum are equal to the sum of qualifying insurance benefit payments made on behalf of the qualified insured in determining eligibility for Medicaid under IC 12-15-2.

• As used in sections 208.690 to 208.698, the following terms shall mean:4 (1) "Asset disregard", the disregard of any assets or resources in an amount equal to the5 insurance benefit payments that are used on behalf of the individual;EXPLANATION — Matter enclosed in bold-faced brackets thusin the above bill is not enacted and is intended to be omitted from the law.

• Asset disregard is estimated to affect about 33 persons per year.

More Definitions of Asset disregard

Asset disregard means, with respect to qualification for state Medicaid benefits, 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 under a qualified long-term care insurance partnership policy;

Asset disregard means, with regard to the state’s

Asset disregard means, with regard to the state’s medical assistance program,

Asset disregard means the disregard of a portion of certain

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:

Asset disregard means, with respect to qualiEication Eor State Medicaid beneEits, the disregard oE any assets or resources in an amount equal to the insurance beneEit payments that are made to or on the behalE oE an individual who is a beneEiciary under a qualiEied long-term care insurance partnership policy.

Asset disregard means the total equity value of