Okla. Stat. tit. 63, § 63-1-1955.2
This is the official text of Okla. Stat. tit. 63, § 63-1-1955.2, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
As used in the Oklahoma Long-Term Care Partnership Act, unless
the context clearly indicates otherwise:
1. “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:
a. is a beneficiary of a Long-Term Care Partnership
Program approved policy, and
b. has exhausted the benefits of such policy.
Asset disregard is increased by One Dollar ($1.00) for each One
Dollar ($1.00) of benefit paid out under the individual’s long-term
insurance policy if the individual purchased the policy through the
Oklahoma Long-Term Care Partnership Program;
2. “Authority” means the Oklahoma Health Care Authority;
3. “State Medicaid program” means the federal medical
assistance program established under Title XIX of the Social
Security Act; and
4. “Oklahoma Long-Term Care Partnership Program approved
policy” means a long-term care insurance policy that is approved by
the Insurance Department and provided through state-approved long-
term care insurers through the Oklahoma Long-Term Care Partnership
Program.
the context clearly indicates otherwise:
1. “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:
a. is a beneficiary of a Long-Term Care Partnership
Program approved policy, and
b. has exhausted the benefits of such policy.
Asset disregard is increased by One Dollar ($1.00) for each One
Dollar ($1.00) of benefit paid out under the individual’s long-term
insurance policy if the individual purchased the policy through the
Oklahoma Long-Term Care Partnership Program;
2. “Authority” means the Oklahoma Health Care Authority;
3. “State Medicaid program” means the federal medical
assistance program established under Title XIX of the Social
Security Act; and
4. “Oklahoma Long-Term Care Partnership Program approved
policy” means a long-term care insurance policy that is approved by
the Insurance Department and provided through state-approved long-
term care insurers through the Oklahoma Long-Term Care Partnership
Program.
Status: in_force · Read it on the official government site
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