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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
SB1891 Introduced 2/10/2017, by Sen. Wm. Sam McCann SYNOPSIS AS INTRODUCED:
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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 pre-paid 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.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | SB1891 | | LRB100 09431 KTG 19594 b |
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| 1 | | AN ACT concerning public aid.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Public Aid Code is amended by |
| 5 | | adding Section 5-5.27 as follows:
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| 6 | | (305 ILCS 5/5-5.27 new) |
| 7 | | Sec. 5-5.27. Pre-paid funeral and burial policies; |
| 8 | | exemption. In determining the assets of an individual applying |
| 9 | | for medical assistance under this Article, the Department shall |
| 10 | | disregard the cash value of a life insurance policy or pre-paid |
| 11 | | funeral and burial contract or the equity value of any other |
| 12 | | assets which are intended to be used to pay the funeral and |
| 13 | | burial expenses of the individual. If the asset disregard |
| 14 | | described in this Section requires federal approval, the |
| 15 | | Department shall submit the necessary application to the |
| 16 | | Centers for Medicare and Medicaid Services for a waiver or |
| 17 | | State Plan amendment to implement the asset disregard. |
| 18 | | Implementation of the asset disregard shall be contingent on |
| 19 | | federal approval of the waiver or State Plan amendment.
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