MN SF2333

Removes prohibition on transfers into pooled trusts for individuals age 65 and older, allowing such transfers to qualify as exceptions to medical assistance asset transfer rules.

Establishes that transfers into pooled trusts meeting specific provisions in Minnesota Statutes section 256B.056, subdivision 3b are treated as transfers at fair market value.

Changes effective date for pooled trust account provisions from January 1, 2014 to January 1, 2011, or upon the date the federal maintenance of effort requirement in Public Law 111-148 expires.

Clarifies that hardship waivers for transfer penalties must consider whether individuals were victims of financial exploitation and whether they took action to prevent the state from becoming an annuity remainder beneficiary.