CT SB00432

Cash value of life insurance policies would be excluded from asset calculations when determining eligibility for Medicaid, Temporary Family Assistance (TFA), the State Supplement Program, and State-Administered General Assistance, effective July 1, 2026

Removes the current $10,000 cap on life insurance policy value for institutionalized individuals seeking Medicaid eligibility, and eliminates the requirement that applicants pursue surrender of the policy

Applies to the extent permissible under federal law, with federal regulations taking precedence if conflicts arise with state provisions

Amends four sections of Connecticut General Statutes: 17b-261(h), 17b-191(c), 17b-112(d)(1), and 17b-91