Bill

Bill > S659


MA S659

Relative to a long term care partnership program


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
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)

bill text


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