Terms Used In Indiana Code > Title 12 > Article 15 > Chapter 39.6 - Long Term Care Program

• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Contract: A legal written agreement that becomes binding when signed.
• health maintenance organization: has the meaning set forth in IC 27-13-1-19. See Indiana Code 12-15-39.6-4
• 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

• long term care facility: means a facility licensed under IC 16-28. See Indiana Code 12-15-39.6-2
• long term care insurance: means insurance coverage for at least twelve (12) consecutive months for each covered person on an expense incurred, indemnity, or prepaid basis for one (1) or more necessary long term care services provided in a setting other than an acute care wing of a hospital. See Indiana Code 12-15-39.6-3
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• qualified long term care policy: means an insurance policy that:

  Indiana Code 12-15-39.6-5

• Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5