An Act to increase the Medicaid life insurance exemption
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill seeks to increase the amount of life insurance coverage that Massachusetts Medicaid recipients are allowed to have without it being considered income. Currently, there’s a limit on the value of life insurance policies Medicaid beneficiaries can own. This legislation would raise that limit, potentially providing greater financial security for those enrolled in the program.
Key provisions
- Increases the Medicaid life insurance exemption.
- Specifically addresses the amount of life insurance coverage allowed.
- Aims to provide greater financial protection for Medicaid recipients.
- The bill was referred to the committee on Financial Services.
Who is affected
- Massachusetts Medicaid recipients
- Individuals enrolled in the Massachusetts Medicaid program
Bill text
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Sponsors
Official sponsors from legislative records.
3 on record
Primary sponsor
Cosponsors
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