Asset disregard adjustment.

1. As used in this section , “asset disregard” means a one dollar increase in the amount of assets an individual who is the beneficiary of a qualified long-term care insurance policy and meets the requirements of section 514H.3 may retain under section 249A.35 for each one dollar of benefit paid out under the individual’s qualified long-term care insurance policy for qualified long-term care services. 2. When the department of health and human services determines whether an individual is eligible for medical assistance under chapter 249A , the department shall make an asset disregard adjustment for any individual who meets the requirements of section 514H.3 . The asset disregard shall be available after benefits of the qualified long-term care insurance policy have been applied to the cost of qualified long-term care services as required under this chapter . 2005 Acts, ch 166, §6, 13 ; 2009 Acts, ch 145, §18 ; 2023 Acts, ch 19, §1206 Referred to in §249A.35 , 514H.3 , 514H.6 , 514H.7 , 514H.8