Okla. Stat. tit. 63, § 63-1-1955.3

Purposes - Exhaustion of benefits - Asset disregard.

A. Upon repeal of the restrictions to asset protection

contained in the Omnibus Budget Reconciliation Act of 1993, Public

Law 103-66, 107 Stat. 312, there shall be established the Oklahoma

Long-Term Care Partnership Program, to be administered by the

Oklahoma Health Care Authority, with the assistance of the Insurance

Department, to do the following:

1. Provide incentives for individuals to insure against the

costs of providing for their long-term care needs;

2. Provide a mechanism for individuals to qualify for coverage

of the cost of their long-term care needs under the state Medicaid

program without first being required to substantially exhaust their

resources;

Oklahoma Statutes - Title 63. Public Health and Safety Page 775

3. Provide counseling services to individuals in planning for

their long-term care needs; and

4. Alleviate the financial burden on the state’s Medicaid

program by encouraging the pursuit of private initiatives.

B. Upon exhaustion of benefits under a Long-Term Care

Partnership Program policy, certain resources of an individual, as

described in subsection C of this section, shall not be considered

by the Authority when determining any of the following:

1. Medicaid eligibility;

2. The amount of any Medicaid payment; and

3. Any subsequent recovery by the state of a payment for

medical services.

C. The Oklahoma Health Care Authority shall amend the state

Medicaid program to allow for asset disregard. The Authority shall

provide for asset disregard by counting insurance benefits paid

under a policy toward asset disregard to the extent the payments are

for covered services under the Oklahoma Long-Term Care Partnership

Program for purchasers of an Oklahoma Long-Term Care Partnership

Program approved policy.