§ 58‑55‑55. Definitions.
The following definitions apply in this section:
(1) Asset. – Resources and income.
(2) Department. – The Department of Health and Human Services.
(3) Division. – The Division of Health Benefits.
(4) Estate recovery. – The placing of a statutory claim on the estate of a deceased Medicaid recipient, as provided by G.S. 108A‑70.5.
(5) Medicaid. – The federal medical assistance program established under Title XIX of the Social Security Act.
(6) Qualified long‑term care partnership policy or qualified policy. – A long‑term care insurance policy approved for use in North Carolina and that meets all the requirements of the federal Deficit Reduction Act of 2005, P.L. 109‑171.
(7) Resource. – Cash or its equivalent and real or personal property that is available to an applicant or recipient.
(8) Resource disregard. – The amount of resources of an applicant for long‑term care Medicaid that is equal to the amount of benefits paid to the applicant under a qualified long‑term care partnership policy.
(9) Resource protection. – An amount equal to the resource disregard given to a Medicaid recipient during the long‑term care Medicaid eligibility determination process. (2010‑68, s. 4; 2019‑81, s. 15(a).)