Iowa Admin. Code r. 191-39.75

Current through Register Vol. 47, No. 13, December 25, 2024

Rule 191-39.75 - Purpose

(1) This division is intended to implement Iowa Code chapter 514H and Section 6021 of the federal Deficit Reduction Act of 2005, Public Law 109-171, to establish, in conjunction with the department of human services, a long-term care partnership program in Iowa to provide for financing of long-term care through a combination of private insurance and Iowa Medicaid. This program is also known as the long-term care asset disregard incentive program.

(2) The Iowa long-term care partnership program shall:

a. Provide incentive for individuals to insure against the costs of providing for long-term care needs;

b. Provide a mechanism for individuals to qualify for coverage under Iowa Medicaid while having certain assets disregarded for eligibility determinations and recovery; and

c. Reduce the financial burden on the state's Medicaid program by encouraging the pursuit of private initiatives using qualified long-term care partnership policies or certificates.

Iowa Admin. Code r. 191-39.75

ARC 8271B, lAB 11/4/09, effective 12/9/09

Amended by IAB May 5, 2021/Volume XLIII, Number 23, effective 6/9/2021