MEDICAL ASSISTANCE PROGRAM- SECTION 0382- EVALUATION OF RESOURCES
210-6740 INACTIVE RULE EMERGENCY RULE
Title | 210 | Executive Office of Health and Human Services |
Chapter | XXX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Subchapter | XX | Old Regulations Which Were Not Assigned Chapter-Subchap-Part |
Part | 6740 | MEDICAL ASSISTANCE PROGRAM- SECTION 0382- EVALUATION OF RESOURCES |
Type of Filing | Amendment |
Regulation Status | Inactive |
Effective | 01/01/2013 to 05/01/2013 |
Regulation Authority:
RIGL 40-8; TITLE XIX OF THE SOCIAL SECURITY ACT
Purpose and Reason:
The Medical Assistance rules are amended to reflect the following: the amount of allowable home equity interest has been increased for individuals seeking eligibility for Medical Assistance nursing facility services or other long-term care services from $525,000 to $536,000. In addition, the amount of the equity value of the life estate of an institutionalized individual that can be considered an excluded resource has increased from $526,000 to $536,000.
Brief statement of Reason for Finding Imminent Peril:
To prevent beneficiaries from being wrongly deprived of benefits needed for their support.
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