Connecticut 2016 Regular Session

Connecticut Senate Bill SB00107 Compare Versions

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1-Senate Bill No. 107
1+General Assembly Raised Bill No. 107
2+February Session, 2016 LCO No. 1209
3+ *_____SB00107APP___040716____*
4+Referred to Committee on HUMAN SERVICES
5+Introduced by:
6+(HS)
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3-Public Act No. 16-12
8+General Assembly
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10+Raised Bill No. 107
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12+February Session, 2016
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14+LCO No. 1209
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16+*_____SB00107APP___040716____*
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18+Referred to Committee on HUMAN SERVICES
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20+Introduced by:
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22+(HS)
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524 AN ACT CONCERNING THE TREATMENT OF THE CASH VALUE OF LIFE INSURANCE POLICIES WHEN EVALUATING MEDICAID ELIGIBILITY.
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726 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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928 Section 1. Subsection (h) of section 17b-261 of the 2016 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective from passage):
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1130 (h) To the extent permissible under federal law, an institutionalized individual, as defined in Section 1917 of the Social Security Act, 42 USC 1396p(h)(3), shall not be determined ineligible for Medicaid solely on the basis of the cash value of a life insurance policy worth less than ten thousand dollars provided [(1)] the individual is pursuing the surrender of the policy. [, and (2) upon surrendering such policy all proceeds of the policy are used to pay for the institutionalized individual's long-term care.]
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35+This act shall take effect as follows and shall amend the following sections:
36+Section 1 from passage 17b-261(h)
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38+This act shall take effect as follows and shall amend the following sections:
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40+Section 1
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42+from passage
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44+17b-261(h)
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48+HS Joint Favorable
49+APP Joint Favorable
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51+HS
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53+Joint Favorable
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55+APP
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57+Joint Favorable