Bill Text: MA H1094 | 2009-2010 | 186th General Court | Introduced

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Bill Title: Exclude certain retirement funds from countable assets of medical assistance recipients

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-08-30 - Accompanied a study order, see H05006 [H1094 Detail]

Download: Massachusetts-2009-H1094-Introduced.html

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The Commonwealth of Massachusetts

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PRESENTED BY:

Alice Hanlon Peisch

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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
                Court assembled:

                The undersigned legislators and/or citizens respectfully petition for the passage of the accompanying bill:

An Act Regarding the Countable Assets Of Medical Assistance Recipients

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PETITION OF:

 

Name:	District/Address:
Alice Hanlon Peisch	14th Norfolk

 

The Commonwealth of Massachusetts

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In the Year Two Thousand and Nine

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An Act Regarding The Countable Assets Of Medical Assistance Recipients.

                Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:

Section 21A of Chapter 118E of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by striking out subsection (2)(i) and replacing it with the following new subsection:

he type and amount of all countable assets; provided that any funds held by the community spouse of an institutionalized applicant or recipient in an Individual Retirement Account, Keogh plan or other pension fund shall be considered a non-countable asset as long as regular income distributions are made from the fund or the community spouse is employed;