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A House Bill that could affect your long-term care planning

Submitted By Armstrong Advis... on December 6th at 3:38pm

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.

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