The purpose of House Bill 6300 is to authorize a study, among other things, of the impact of long term care costs and to explore the Medicaid eligibility rules and how they might be changed to reduce dependency on Medicaid long term care financing. They will be looking specifically at the effectiveness of 1. How assets are treated for purposes of determining eligibility for long term care services. 2. The Medicaid Eligibility look back period for the treatment of transferred assets.

With the “fiscal cliff” right around the corner and with the U.S. government brushing up against the debt ceiling again, the U.S. government’s finances will be a focal point for the next few months. However, it would be naïve of any individual to believe that this discussion will disappear. As politicians continue to “worship the great god of reelection,” it has become increasingly frequent that decisions on taxes and spending continue to be pushed off.