Effect of purchase of insurance on disqualifying transfer
N.D. Cent. Code § 50-24.1-02.5
in effect50-24.1-02.5. Effect of purchase of insurance on disqualifying transfer
1. An individual who secures and maintains insurance that covers the cost of
substantially all necessary medical care, including necessary care in a nursing home
and necessary care for an individual who qualifies for admission to a nursing home but
receives care elsewhere, for at least thirty-six months after the date an asset is
disposed of, may demonstrate that the asset was disposed of exclusively for a
purpose other than to qualify for medical assistance by providing proof of that
insurance.
2. If purchased after July 31, 2003, the insurance coverage under this section must
include home health care coverage, assisted living coverage, basic care coverage,
and skilled nursing facility coverage. The coverage required under this subsection
must include a daily benefit equal to at least one and fifty-seven hundredths times the
average daily cost of nursing care for the year in which the policy was issued and an
aggregate benefit equal to at least one thousand ninety-five times that daily benefit.
3. This section applies only to policies purchased before the effective date of an
approved amendment to the state plan for medical assistance that provides for a
qualified state long-term care insurance partnership under section 1917(b) of the
Social Security Act [42 U.S.C. 1396p].
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t50c24-1.pdf#nameddest=50-24p1-02p5Fetched: 10/16/2026