MN HF2241

Modifies how retirement account assets are evaluated for medical assistance eligibility for institutionalized spouses by requiring retirement accounts (including 401(k), 403(b), Keogh, and pension plans) exceeding the community spouse asset allowance to be considered available only if converted and annuitized to income.

Changes the rule so excess retirement assets are attributed to the community spouse rather than the institutionalized spouse for purposes of determining medical assistance eligibility.

Effective upon approval of the state plan amendment or January 1, 2015, whichever is later.

Requires the commissioner of human services to submit a state plan amendment to the federal government by July 1, 2014, seeking approval to implement these changes.