Senate Amendment 5083 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 on or after July 1, 2004, 1 13 provides benefits in an amount equal to at least one 1 14 hundred thousand dollars as computed on July 1, 2004, 1 15 compounded annually by at least five percent. 1 16 (2) Includes a provision under which the total 1 17 amount of the benefit increases by at least five 1 18 percent annually for individuals up to seventy=two 1 19 years of age.> 1 20 #2. By striking page 3, line 30, through page 4, 1 21 line 1, and inserting the following: 1 22 <(1) Is the beneficiary of a qualified long=term 1 23 care insurance policy purchased on or after July 1, 1 24 2004, that provides benefits, in an amount equal to at 1 25 least one hundred eighty=eight thousand dollars as 1 26 computed on July 1, 2004, compounded annually by at 1 27 least five percent. 1 28 (2) Is the beneficiary of a qualified long=term 1 29 care insurance policy purchased on or after July 1, 1 30 2004, that includes a provision under which the total 1 31 amount of the benefit increases by at least five 1 32 percent annually for individuals up to seventy=two 1 33 years of age.> 1 34 #3. Page 4, line 2, by striking the figure <(2)> 1 35 and inserting the following: <(3)>. 1 36 #4. Page 4, line 3, by striking the figure <(3)> 1 37 and inserting the following: <(4)>. 1 38 #5. Page 4, by striking lines 32 through 35. 1 39 #6. Page 5, by striking lines 1 through 8. 1 40 #7. By renumbering as necessary. 1 41 1 42 1 43 1 44 HERMAN C. QUIRMBACH 1 45 SF 2183.302 80 1 46 pf/cf 1 47 1 48 1 49 1 50 -1-