Bill > H987

This bill amends a section of Massachusetts General Laws concerning medical assistance recipients' assets by changing the rules for what counts as a "countable asset" for individuals receiving institutional care. Specifically, it clarifies that funds held by the spouse of an institutionalized applicant or recipient in certain retirement accounts, such as an Individual Retirement Account (IRA) or Keogh plan, will not be considered a countable asset if regular income is distributed from the fund or if the spouse is still employed. This provision aims to protect the financial resources of a spouse who is not institutionalized while their partner receives medical assistance.