Medicaid Code of Administrative Rules, Section #0382: Evaluation of Resources


210-6740 INACTIVE RULE

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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 Medicaid Code of Administrative Rules, Section #0382: Evaluation of Resources
Type of Filing Amendment
Regulation Status Inactive
Effective 06/24/2014 to 04/29/2015

Regulation Authority:

Chapters 40-6 and 40-8 of the Rhode Island General Laws as amended; Article 27 of 2014 Budget Bill

Purpose and Reason:

The purpose of these amendments is to incorporate anticipated statutory changes to be made in the 2014 session of the Rhode Island General Assembly. (See Article 27 of the 2014 budget bill (House Bill 7133)). The amendments relate to the treatment of life estates with enhanced powers (so-called “Ladybird deeds”) in determining Medicaid eligibility. Under the new provisions, a Medicaid applicant/beneficiary who is in possession of a life estate with enhanced powers created after July 1, 2014 will have to revoke the powers and take ownership in the life estate in order to be eligible for Medicaid benefits.