Bill Text: IL SB3077 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the Medical Assistance Article of the Illinois Public Aid Code. Provides that in determining the assets of an individual applying for medical assistance, the Department of Healthcare and Family Services shall disregard the cash value of a life insurance policy or prepaid funeral and burial contract or the equity value of any other assets which are intended to be used to pay the funeral and burial expenses of the individual. Provides that if the asset disregard requires federal approval, the Department shall submit the necessary application to the Centers for Medicare and Medicaid Services for a waiver or State Plan amendment to implement the asset disregard. Provides that implementation of the asset disregard shall be contingent on federal approval of the waiver or State Plan amendment.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2019-01-09 - Session Sine Die [SB3077 Detail]

Download: Illinois-2017-SB3077-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 SB3077 Introduced 2/15/2018, by Sen. Wm. Sam McCann SYNOPSIS AS INTRODUCED:
305 ILCS 5/5-5.27 new
Amends the Medical Assistance Article of the Illinois Public Aid Code. Provides that in determining the assets of an individual applying for medical assistance, the Department of Healthcare and Family Services shall disregard the cash value of a life insurance policy or prepaid funeral and burial contract or the equity value of any other assets which are intended to be used to pay the funeral and burial expenses of the individual. Provides that if the asset disregard requires federal approval, the Department shall submit the necessary application to the Centers for Medicare and Medicaid Services for a waiver or State Plan amendment to implement the asset disregard. Provides that implementation of the asset disregard shall be contingent on federal approval of the waiver or State Plan amendment.
LRB100 18666 KTG 33893 b
FISCAL NOTE ACT MAY APPLY
A BILL FOR
SB3077 LRB100 18666 KTG 33893 b
AN ACT concerning public aid.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Public Aid Code is amended by
adding Section 5-5.27 as follows:
(305 ILCS 5/5-5.27 new)
Sec. 5-5.27. Prepaid funeral and burial policies;
exemption. In determining the assets of an individual applying
for medical assistance under this Article, the Department shall
disregard the cash value of a life insurance policy or prepaid
funeral and burial contract or the equity value of any other
assets which are intended to be used to pay the funeral and
burial expenses of the individual. If the asset disregard
described in this Section requires federal approval, the
Department shall submit the necessary application to the
Centers for Medicare and Medicaid Services for a waiver or
State Plan amendment to implement the asset disregard.
Implementation of the asset disregard shall be contingent on
federal approval of the waiver or State Plan amendment.