MEDICAL ASSISTANCE PROGRAM- SECTION 0300- MEDICAL ASSISTANCE PROGRAM OVERVIEW
|Title||210||Executive Office of Health and Human Services|
|Chapter||10||EOHHS General Provisions|
|Part||1||MEDICAL ASSISTANCE PROGRAM- SECTION 0300- MEDICAL ASSISTANCE PROGRAM OVERVIEW|
|Type of Filing||Amendment|
|Regulation Status||Inactive View Active Rule|
|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.