Medical Assistance Program--Section 0382--Evaluation of Resources


218-3945 INACTIVE RULE

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Title 218 Department of 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 3945 Medical Assistance Program--Section 0382--Evaluation of Resources
Type of Filing Amendment
Regulation Status Inactive
Effective 06/29/2006 to 01/18/2008

Regulation Authority:

RIGL 40-8; Title XIX of the Social Security Act; Federal Deficit Reduction Act of 2005

Purpose and Reason:

Effective 2/8/2006, to comply with the federal Deficit Reduction Act of 2005, changes to Long Term Care Assistance are: a maximum home equity exclusion cap of $500,000; annuities must have the State as a remainder beneficiary up to the amount of Medicaid paid on behalf of the recipient; life estate purchases of another's home require that the individual have lived in the home for (1) year; notes & loans are examined more closely under the resource test.