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MA S730
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Peter Durant
Click for details
AI Summary
- Sets the Medicaid eligibility exemption for permanent life insurance policies with cash surrender value at $10,000 in combined face value
- Applies to whole life, universal life, and other permanent life insurance policies held by Medicaid applicants or recipients; term life insurance remains fully excluded from asset calculations
- Requires the $10,000 face value exemption to be adjusted for inflation every 5 years based on the Consumer Price Index, rounded to the nearest $100
- Mandates the Office of Medicaid submit a report every 3 years to the Senate and House Ways and Means committees evaluating the financial impact on the Medicaid program and beneficiary access to life insurance
Legislative Description
To increase the Medicaid life insurance exemption
Last Action
Accompanied a study order, see S2814
12/8/2025
Committee Referrals
Financial Services2/27/2025
Full Bill Text
No bill text available