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CT SB00107

Bill

Official Source

Status

Passed

5/6/2016

Primary Sponsor

Human Services Committee

Click for details

Origin

Senate

2016 General Assembly

AI Summary

  • Exempts institutionalized individuals from Medicaid ineligibility based on life insurance policies with cash value less than $10,000
  • Requires the individual to be pursuing surrender of the policy to qualify for the exemption
  • Removes the previous requirement that all proceeds from surrendered policies must be used to pay for long-term care
  • Applies only to the extent permitted under federal law and Section 1917 of the Social Security Act

Legislative Description

An Act Concerning The Treatment Of The Cash Value Of Life Insurance Policies When Evaluating Medicaid Eligibility.

Last Action

Signed by the Governor

5/6/2016

Committee Referrals

Appropriations3/29/2016
Human Services2/17/2016

Full Bill Text

No bill text available