MN SF2904

Increases asset limit for employed persons with disabilities from $3,000 individual/$6,000 household to $20,000, effective upon federal approval, for eligibility under section 256B.057, subdivision 9.

Allows assets accumulated under the employed persons with disabilities program to be disregarded for 12 months when a person loses employment due to loss of earnings, as long as total assets remain within the $20,000 allowed limit.

Permits persons enrolled in the employed persons with disabilities program for 24 consecutive months before age 65 to have their assets disregarded up to the $20,000 limit when transitioning to aged eligibility at age 65, and exempts them from spousal asset treatment rules.

Requires the commissioner to notify enrolled persons at each six-month review beginning at least 24 months before their 65th birthday of the medical assistance eligibility rules that will apply regarding income, assets, and spousal treatment upon reaching age 65.

Removes the effective date requirement of November 1, 2003 for premium payment obligations for employed persons with disabilities.