Okla. Stat. tit. 63, § 63-1-1955.2: Definitions

As used in the Oklahoma Long-Term Care Partnership Act, unless

the context clearly indicates otherwise:

1. “Asset disregard” means the total assets an individual owns

and may retain upon application for the state Medicaid program and

still qualify for benefits if the individual:

a. is a beneficiary of a Long-Term Care Partnership

Program approved policy, and

b. has exhausted the benefits of such policy.

Asset disregard is increased by One Dollar ($1.00) for each One

Dollar ($1.00) of benefit paid out under the individual’s long-term

insurance policy if the individual purchased the policy through the

Oklahoma Long-Term Care Partnership Program;

2. “Authority” means the Oklahoma Health Care Authority;

3. “State Medicaid program” means the federal medical

assistance program established under Title XIX of the Social

Security Act; and

4. “Oklahoma Long-Term Care Partnership Program approved

policy” means a long-term care insurance policy that is approved by

the Insurance Department and provided through state-approved long-

term care insurers through the Oklahoma Long-Term Care Partnership

Program.