Bill

Bill > H1301


MA H1301

Relative to consistent treatment of life estates


summary

Introduced
03/29/2021
In Committee
06/06/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to consistent treatment of life estates by the Division of Medical Assistance. Health Care Financing.

AI Summary

This bill aims to provide consistent treatment of life estates in determining eligibility for Medicaid (also known as MassHealth) and in calculating the state's recovery amounts. Specifically, it requires the Division of Medical Assistance to determine the percentage interest of a life estate or remainder interest in property using the methodology outlined in federal tax regulations (26 CFR 20.2031-7). This change would apply both when assessing an individual's eligibility for Medicaid and when the state seeks to recover funds from the sale of a property that has a life estate or remainder interest.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (14)

Last Action

No further action taken (on 01/03/2023)

bill text


bill summary

Loading...

bill summary

Loading...

bill summary

Loading...