summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to a long term care partnership program. Financial Services.
AI Summary
This bill establishes a Long Term Care Insurance Partnership Program in Massachusetts. The program will allow individuals who purchase qualifying long-term care insurance policies to have their assets disregarded when determining Medicaid (MassHealth) eligibility. The bill requires the Division of Insurance to submit a state plan amendment to the federal Department of Health and Human Services to implement the program, and authorizes the Division to develop regulations and collect fees to administer it. The bill also provides a state income tax deduction of up to 50% of the annual long-term care insurance premium, not to exceed $3,000 per year.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2693 (on 02/14/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/192/S659 |
Bill | https://malegislature.gov/Bills/192/S659.pdf |
Loading...