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Rep. Anna Moeller
Filed: 3/14/2022
| | 10200SB2962ham001 | | LRB102 19026 KTG 37583 a |
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1 | | AMENDMENT TO SENATE BILL 2962
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2 | | AMENDMENT NO. ______. Amend Senate Bill 2962 by replacing |
3 | | line 16 on page 2 through line 4 on page 3 with the following:
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4 | | " Subject to federal approval, the community spouse |
5 | | resource allowance shall be established and maintained as |
6 | | follows: a base amount of $109,560 plus an additional amount |
7 | | of $2,784 added to the base amount each year for a period of 10 |
8 | | years commencing with calendar year 2024 through calendar year |
9 | | 2034. In addition to the base amount and the additional amount |
10 | | shall be any increase each year from the prior year to the |
11 | | maximum resource allowance permitted under Section |
12 | | 1924(f)(2)(A)(ii)(II) of the Social Security Act. Subject to |
13 | | federal approval, beginning January 1, 2034 the community |
14 | | spouse resource allowance shall be established and maintained |
15 | | at the maximum amount permitted under Section |
16 | | 1924(f)(2)(A)(ii)(II) of the Social Security Act, as now or |
17 | | hereafter amended, or an amount set after a fair hearing, or |
18 | | the amount transferred by the institutionalized spouse to the |