210 Neb. Admin. Code, ch. 46, § 004 - Definitions

004.01 For the purpose of this regulation, the terms "long-term care insurance", "group long-term care insurance", "director", "applicant", "policy" and "certificate" shall have the meanings set forth in the Long-Term Care Insurance Act. The term "qualified long-term care insurance," means an individual or group insurance contract that meets the requirements of Section 7702B(b) of the Internal Revenue Code of 1986, as amended.

004.02 Under section 7702B (c)(2)(B) of Internal Revenue Code of 1986, as amended, "activities of daily living" means:

004.02(A) Bathing;

004.02(B) Continence;

004.02(C) Dressing;

004.02(D) Eating;

004.02(E) Toileting; and

004.02(F) Transferring.

004.03 A contract shall not be treated as a qualified long-term care insurance contract unless the determination of whether an individual is a chronically ill individual described in subsection 025.01(B)(1) of this regulation takes into account at least five (5) activities of daily living.

Notes

210 Neb. Admin. Code, ch. 46, § 004