Connecticut SB00432 disregards the cash value of life insurance policies in eligibility for public assistance programs.
Connecticut SB00432 modifies eligibility criteria for public assistance programs by excluding the cash value of life insurance policies from consideration. This change applies to institutionalized individuals and aims to ensure that the cash value of a life insurance policy does not affect eligibility for Medicaid. The bill also excludes burial funds and plots from asset consideration in determining eligibility for state supplement and temporary family assistance programs. The changes are set to take effect on July 1, 2026.
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