Texas Human Resources Code 32.256 – Rules
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(a) The executive commissioner shall adopt rules as necessary to administer the partnership for long-term care program and to implement this subchapter.
(b) In adopting rules under this section, the executive commissioner shall:
(1) provide for dollar-for-dollar asset disregard and asset protection for purchasers of an approved plan; and
(2) count benefits paid under the approved plan toward the dollar-for-dollar asset disregard to the extent the benefits are provided for covered services under the approved plan.
Terms Used In Texas Human Resources Code 32.256
- 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.