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MA H1095
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Donald Berthiaume
Click for details
AI Summary
- Sets the Medicaid eligibility exemption for life insurance policies with cash surrender value at $10,000 in combined face value for all permanent life insurance policies (whole life, universal life, etc.)
- Requires the face value exemption to be adjusted for inflation every 5 years based on the Consumer Price Index, rounded to the nearest $100
- Excludes term life insurance policies from Medicaid asset calculations since they do not accumulate cash surrender value
- Mandates the Office of Medicaid to submit a report every 3 years to the Ways and Means committees evaluating the financial impact of the increased exemption on the Medicaid program
Legislative Description
To increase the Medicaid life insurance exemption
Last Action
Accompanied a study order, see H4931
1/15/2026
Committee Referrals
Financial Services2/27/2025
Full Bill Text
No bill text available