| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 24-A MRSA §5051-B, sub-§1, ¶B, as enacted by PL 1989, c. 556, | | Pt. B, §3, is amended to read: |
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| | | B. The total package of benefits provided is at least as | | comprehensive as that required by section 5051-A.__A | | continuing care and nursing home care policy meets the | | requirement of this paragraph.__As used in this paragraph, | | "continuing care" has the meaning set forth in section 6201, | | subsection 2; and |
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| | | Sec. 2. Application. For the purpose of the Maine Revised Statutes, | | Title 36, section 5122, subsection 2, paragraph G, section one of | | this Act applies to tax years beginning January 1, 2000. |
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| | | This bill amends current law so that the Superintendent of | | Insurance may certify insurance policies covering nursing home | | and continuing or assisted-living care as long-term care | | policies. With this certification, the premiums paid for a | | policy covering nursing home and continuing care will be | | subtracted from federal adjusted gross income in computing Maine | | individual taxable income. |
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