AN ACT DISREGARDING THE VALUE OF LIFE INSURANCE BENEFITS IN ELIGIBILITY DETERMINATIONS FOR PUBLIC ASSISTANCE PROGRAMS.

Summary

This legislation changes state law so that the value of a person's life‑insurance policy is not counted as an asset when they apply for public assistance, including Medicaid, as long as federal rules allow it. It affects low‑income residents who hold life‑insurance policies and could expand their access to benefits. The goal is to reduce barriers to aid for those with modest insurance holdings.

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