205.6322 Cabinet to seek to prohibit sheltering of assets in long-term-care cases.

166 words·~1 min read·/ky/chapter-205/205-6322

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

The Cabinet for Health and Family Services shall seek to prohibit the sheltering of assets in medical assistance long-term-care cases by promulgation of administrative regulations, pursuant to KRS Chapter 13A, that establish the following:

(1)Consideration of assets placed in Medicaid-qualifying trusts as a prohibited transfer

of resources, to the extent prohibited by federal law;

(2)Revision of Medicaid policy to provide that assets funding the purchase of an

annuity shall be treated as a transfer of resources unless the annuity is actuarially

sound as defined in administrative regulations promulgated by the cabinet pursuant

to KRS Chapter 13A;

(3)Revision of Medicaid policy to treat income-producing property as an available

resource to the extent allowed by federal law;

(4)Review of Medicaid eligibility procedures and operation to improve eligibility

verification and detection of fraud and abuse; and

(5)Review of the feasibility of instituting a photographic identification card, possibly

in conjunction with other entitlement programs, to reduce fraud and abuse through

misuse of Medicaid identification cards.