Connecticut House Bill HB05806

Connecticut 2015 Regular Session

• Introduced: 1/21/15
• Refer: 1/21/15
• Report Pass: 2/5/15
• Report Pass: 4/29/15
• Refer: 5/1/15
• Report Pass: 5/7/15

Caption

An Act Increasing The Minimum Amount Of Assets That May Be Retained By The Spouse Of An Institutionalized Person.

Impact

The proposed legislation would have a significant impact on the financial landscape for families navigating Medicaid. By allowing community spouses to retain a higher asset amount, the bill helps to ensure their financial stability and enhances their ability to support both themselves and their institutionalized spouse. A fiscal report is mandated by the bill, due by July 1, 2016, which will evaluate the economic implications of this increase, including the number of spouses affected and the state’s financial obligations due to the change.

Summary

House Bill 05806 aims to increase the minimum amount of assets that a community spouse of an institutionalized person may retain under Medicaid regulations. By amending the corresponding section of state law, the bill seeks to set the minimum community spouse protected amount at $50,000, in alignment with federal statutes outlined in 42 USC 1396r-5. This adjustment intends to provide added financial security to spouses of individuals who have been institutionalized, thereby potentially reducing the economic burden placed on the community spouses who often face significant financial strain while their partners are in care facilities.

Sentiment

Discussions surrounding HB 05806 have generally been positive, with advocates arguing that this bill represents a necessary adjustment to protect vulnerable families facing the challenges of long-term care. Supporters emphasize the importance of financial safeguards for spouses who may be left with fewer resources while caring for their loved ones. However, potential concerns regarding the fiscal impact on state budgets and Medicaid resources may arise as the implications of increased asset retention are examined following the bill's implementation.

Contention

While the sentiment is largely in support of enhancing financial protections for community spouses, there may be points of contention regarding the funding and sustainability of such changes in the state Medicaid program. Lawmakers and stakeholders will need to carefully assess the balance between providing necessary assistance to families and the overall fiscal health of the state's healthcare budget. The outcome of the mandated fiscal report will likely shape ongoing discussions about both the bill's viability and its future legislative support.