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Senate Bill 0301


Senate Bill 0301

ARCHIVE (2009)

Latest Information

 

DIGEST OF SB301 (Updated March 26, 2009 1:02 pm - DI 84)


Medicaid transfer of assets and trusts. Specifies that beginning October 1, 2009, the office of Medicaid policy and planning (office), in determining eligibility, may not consider a total of $1,200 per year in contributions by an individual to a family member or nonprofit organization as an improper transfer and may disregard certain contributions. States that the office may not apply certain penalties to noninstitutionalized individuals for the disposal of assets. Specifies that rules adopted by the office of the secretary concerning transfer of assets may not: (1) apply to a transfer of property that occurred before the effective date of the rule; and (2) require an individual to return all assets in order to reduce a penalty period for the transfer of assets. Specifies that, beginning October 1, 2009, a trustee of certain trusts may not distribute trust property except for state and federal taxes to any person entitled to a payment from the trust until the office has been fully reimbursed for rendered assistance.
    Current Status:
     Law Enacted
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