(1) A policy or
certificate designed or
marketed as a
long-term care insurance policy or
certificate must prominently
disclose on the schedule page the following statements:
"Some long-term care insurance [policies or certificates] may
qualify under the state's Long-Term Care Partnership Program. Under this
Program the [policyholder or certificate holder] may be able to protect some of
the [policyholder's or certificate holder's] assets from Medicaid spend-down
requirements through a feature known as 'Asset Disregard.' Nothing in this
[policy or certificate] is a guarantee of Medicaid eligibility nor is it a
guarantee of any ability to disregard assets for purposes of Medicaid
eligibility. If you have questions about whether or not your policy currently
qualifies under the Long-Term Care Partnership Program, please contact [the
insurer at ###-###-####] and request a long-term care partnership program
policy summary."
(2) If a
policyholder or certificate holder or that person's representative requests a
long-term care partnership program policy summary, as provided in subrule
39.83(1), the information the insurer shall provide and the format of the
long-term care partnership program policy summary shall be as set forth in
Appendix J. An insurer may submit a form substantially similar to Appendix J to
the commissioner for approval to use as a substitute for Appendix J.
Notes
Iowa Admin. Code r. 191-39.83
ARC 8271B, lAB 11/4/09,
effective 12/9/09
