Text: S05080 Text: S05082 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 2183 as follows:
1 2 #1. Page 3, by striking lines 14 through 25, and
1 3 inserting the following:
1 4 "a. A one dollar increase in the amount of assets
1 5 an individual who purchases a qualified long-term care
1 6 insurance policy and meets the requirements of section
1 7 249J.4 may retain under section 249A.34 for each one
1 8 dollar of benefit paid out under the individual's
1 9 qualified long-term care insurance policy for
1 10 qualified long-term care services if the policy meets
1 11 all of the following criteria:
1 12 (1) If purchased prior to January 1, 2004,
1 13 provides benefits in an amount equal to at least one
1 14 hundred thousand dollars as computed on January 1,
1 15 2004.
1 16 (2) If purchased on or after January 1, 2004,
1 17 provides benefits in an amount equal to at least one
1 18 hundred thousand dollars as computed on January 1,
1 19 2004, compounded annually by at least five percent.
1 20 (3) Includes a provision under which the total
1 21 amount of the benefit increases by at least five
1 22 percent annually for individuals up to seventy-two
1 23 years of age."
1 24 #2. By striking page 3, line 30, through page 4,
1 25 line 1, and inserting the following:
1 26 "(1) Is the beneficiary of a qualified long-term
1 27 care insurance policy that provides benefits, if
1 28 purchased prior to January 1, 1998, in an amount equal
1 29 to at least one hundred forty thousand dollars as
1 30 computed on January 1, 1998.
1 31 (2) Is the beneficiary of a qualified long-term
1 32 care insurance policy that provides benefits, if
1 33 purchased on or after January 1, 1998, in an amount
1 34 equal to at least one hundred forty thousand dollars
1 35 as computed on January 1, 1998, compounded annually by
1 36 at least five percent.
1 37 (3) Is the beneficiary of a qualified long-term
1 38 care insurance policy that includes a provision under
1 39 which the total amount of the benefit increases by at
1 40 least five percent annually for individuals up to
1 41 seventy-two years of age."
1 42 #3. Page 4, line 2, by striking the figure "(2)"
1 43 and inserting the following: "(4)".
1 44 #4. Page 4, line 3, by striking the figure "(3)"
1 45 and inserting the following: "(5)".
1 46 #5. By renumbering as necessary.
1 47
1 48
1 49
1 50 NEAL SCHUERER
2 1 SF 2183.201 80
2 2 pf/sh
Text: S05080 Text: S05082 Text: S05000 - S05099 Text: S Index Bills and Amendments: General Index Bill History: General Index
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