Sec. 15. An individual who:

(1) owns, as of January 1, 1998, a qualified long term care policy; and

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Terms Used In Indiana Code 12-15-39.6-15

  • long term care: means the provision of the following services in a setting other than an acute care wing of a hospital to enable individuals whose functional capacities are chronically impaired to be maintained at their maximum level of health and well-being:

    Indiana Code 12-15-39.6-1

  • qualified long term care policy: means an insurance policy that:

    Indiana Code 12-15-39.6-5

(2) has not exhausted the benefits of the qualified long term care policy described in subdivision (1);

is entitled to receive an asset disregard as provided in section 10 of this chapter.

As added by P.L.16-2009, SEC.19.