Bill > S756

This bill aims to preserve special needs trusts for disabled seniors. It amends the state's Medicaid law to consider a transfer of assets by an individual aged 65 or older into a special needs trust as a disposal of resources for fair market value, rather than as a penalty for Medicaid eligibility purposes. This ensures that the resources in the trust can be used to provide goods and services to the individual at fair market value, without jeopardizing their Medicaid eligibility.

Health and Social Services

https://malegislature.gov/Bills/193/S756