North Carolina General Statutes Chapter 58. Insurance § 58-55-55. Definitions

(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.