In general
Paragraphs (1) and (2) shall not apply to any payment received for any period unless—
(i)#
such payment is for costs incurred by the payee (not compensated for by insurance or otherwise) for qualified long-term care services provided for the insured for such period, and
(ii)#
the terms of the contract giving rise to such payment satisfy—
(I) the requirements of section 7702B(b)(1)(B), and
(II) the requirements (if any) applicable under subparagraph (B).
(ii)(I)#
the requirements of section 7702B(b)(1)(B), and
(ii)(II)#
the requirements (if any) applicable under subparagraph (B).
For purposes of the preceding sentence, the rule of section 7702B(b)(2)(B) shall apply.