Senate Amendment 5081 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 -1-