KRS 304.14-640: Definitions for KRS 205.619 and 304.14-640 to 304.14-644.

As used in KRS 205.619 and 304.14 -640 to 304.14 -644, unless the context requires

otherwise:

(1) "Asset disregard" means a one dollar ($1) increase in the amount of assets the

policyholder may own and retain for each one dollar ($1) of benefit paid under a

long-term care partnership insurance policy qualified under KRS 205.619 and

304.14-640 to 304.14 -644 when the policyholder applies for benefits of the

Medicaid program;

(2) "Kentucky Long -Term Care Partnership Insurance Program" means a joint

Kentucky Medi caid and private long -term care insurance program established by

KRS 205.619 and 304.14 -640 to 304.14 -644 that incorporates asset disregard and

exempts a policyholder from estate recovery requirements of the Medicaid program

up to the amount of the asset d isregard if the policyholder receives Medicaid

benefits while or after accessing the benefits of the qualified long -term care

partnership policy;

(3) "Long-term care" means necessary or medically necessary diagnostic, preventive,

therapeutic, rehabilitativ e, maintenance, or personal care services, provided in a

setting other than an acute care unit of a hospital unless the hospital or unit is

licensed or certified to provide long-term care services; and

(4) "Long-term care partnership insurance" means insur ance coverage or an insurance

policy that meets the requirements of KRS 304.14 -642. Long-term care partnership

insurance benefits shall not include payment of coinsurance, deductibles, or

premiums for services covered by other insurance policies, services covered by

other insurance policies, or services covered by Parts A, B, or D of the Medicare

program specified by 42 U.S.C. sec. 1395 et seq.