208.690. Citation of law--definitions. - Missouri Statutes

Citation of law--definitions.

208.690. 1. Sections 208.690 to 208.698 shall be known and may becited as the "Missouri Long-term Care Partnership Program Act".

2. As used in sections 208.690 to 208.698, the following terms shallmean:

(1) "Asset disregard", the disregard of any assets or resources in anamount equal to the insurance benefit payments that are used on behalf ofthe individual;

(2) "Missouri qualified long-term care partnership approved policy",a long-term care insurance policy certified by the director of thedepartment of insurance, financial institutions and professionalregistration as meeting the requirements of:

(a) The National Association of Insurance Commissioners' Long-termCare Insurance Model Act and Regulation as specified in 42 U.S.C. 1917(b);and

(b) The provisions of Section 6021 of the Federal Deficit ReductionAct of 2005;

(3) "MO HealthNet", the medical assistance program established inthis state under Title XIX of the federal Social Security Act;

(4) "State plan amendment", the state MO HealthNet plan amendment tothe federal Department of Health and Human Services that, in determiningeligibility for state MO HealthNet benefits, provides for the disregard ofany assets or resources in an amount equal to the insurance benefitpayments that are made to or on behalf of an individual who is abeneficiary under a qualified long-term care insurance partnership policy.

(L. 2007 S.B. 577)