Bill S.540

SENATE DOCKET, NO. 919        FILED ON: 1/13/2009

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 540

The Commonwealth of Massachusetts

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PRESENTED BY:

James B. Eldridge

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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 Recip ients.

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PETITION OF:

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 is hereby amended by striking out subsection (2)(i) and replacing it with the following new subsection:

the 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 commun ity spouse is employed ;