Bill Status of SB 2866   98th General Assembly

Short Description:  MEDICAID-ASSET VERIFY-BANK RCD

Senate Sponsors
Sen. Jacqueline Y. Collins

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
205 ILCS 5/48.1from Ch. 17, par. 360
205 ILCS 105/3-8from Ch. 17, par. 3303-8
205 ILCS 205/4013from Ch. 17, par. 7304-13
205 ILCS 305/10from Ch. 17, par. 4411
305 ILCS 5/11-5.1

Synopsis As Introduced
Amends the Illinois Public Aid Code. Provides that whenever the State determines that asset verification is necessary for a determination of eligibility on the basis of being aged, blind, or disabled, the Department of Healthcare and Family Services shall require the applicant for or recipient of medical assistance and any other person whose resources are required by law to be disclosed to determine the eligibility of the applicant or recipient for such assistance to provide authorization for the State to obtain any financial records held by any financial institution with respect to the applicant's or recipient's or such other person's resources, as applicable, from any financial institution holding such records. Provides that the Department shall pay a reasonable fee, not to exceed the actual cost incurred, to the financial institution producing the records. Provides that the records shall be produced at no cost to the applicant, recipient, or such other person. Defines "financial institution" and "financial records". Amends the Illinois Banking Act, the Illinois Savings and Loan Act of 1985, the Savings Bank Act, and the Illinois Credit Union Act. Permits the financial institutions subject to those Acts to furnish information in accordance with the federal requirement of asset verification as set forth in the Social Security Act and pursuant to authorization by a medical assistance applicant or recipient or by any other person whose resources are required by law to be disclosed to determine the eligibility of the applicant or recipient for such assistance.

Actions 
DateChamber Action
  2/4/2014SenateFiled with Secretary by Sen. Jacqueline Y. Collins
  2/4/2014SenateFirst Reading
  2/4/2014SenateReferred to Assignments
  2/11/2014SenateAssigned to Human Services
  2/19/2014SenatePostponed - Human Services
  2/26/2014SenatePostponed - Human Services
  3/5/2014SenatePostponed - Human Services
  3/20/2014SenatePostponed - Human Services
  3/26/2014SenatePostponed - Human Services
  3/28/2014SenateRule 2-10 Committee Deadline Established As April 11, 2014
  4/11/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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