Amendment #1041 to H4600

Life Insurance Disregard for MassHealth Seniors

Mr. Ultrino of Malden moves to amend the bill by adding the following section:

"SECTION XXXX. Section 25 of chapter 118E of the General Laws is hereby amended by inserting after subsection (5) the following:

(6) the cash surrender value of any life insurance owned by the applicant or member or his or her spouse without regard to the face value of the policy or policies

The division shall submit a state plan amendment to implement this section no later than 30 days after the effective date of this section and subsequently promulgate all regulations necessary to implement said income and resource exemptions.”

Additional co-sponsor(s) added to Amendment #1041 to H4600

Life Insurance Disregard for MassHealth Seniors