North Carolina S344 ensures that transferring assets to a pooled special needs trust does not affect Medicaid or State-County Special Assistance.

North Carolina S344 amends rules and policies to ensure that transferring assets to a pooled special needs trust does not adversely impact eligibility for Medicaid or State-County Special Assistance for individuals aged 65 and older. The Department of Health and Human Services must treat such transfers as fair market value under federal law, provided the individual demonstrates the funds will be used for goods and services within their life expectancy. This act is effective immediately upon becoming law.

North Carolina S344 ensures that transferring assets to a pooled special needs trust does not affect Medicaid or State-County Special Assistance.

North Carolina S344 amends rules and policies to ensure that transferring assets to a pooled special needs trust does not adversely impact eligibility for Medicaid or State-County Special Assistance for individuals aged 65 and older. The Department of Health and Human Services must treat such transfers as fair market value under federal law, provided the individual demonstrates the funds will be used for goods and services within their life expectancy. This act is effective immediately upon becoming law.