Exempts the cash value of a life insurance policy from Medicaid eligibility calculations.

West Virginia SB151 amends the state code to exempt the cash value of a life insurance policy from Medicaid eligibility calculations. The first $25,000 of the cash value or death benefit is exempt. The bill outlines procedures for the Department of Human Services to assert rights against third parties for reimbursement of past medical expenses. It includes provisions for notice requirements, judicial determinations, and penalties for non-compliance. The bill also specifies that class actions and multiple plaintiff actions are not authorized.

Exempts the cash value of a life insurance policy from Medicaid eligibility calculations.

West Virginia SB151 amends the state code to exempt the cash value of a life insurance policy from Medicaid eligibility calculations. The first $25,000 of the cash value or death benefit is exempt. The bill outlines procedures for the Department of Human Services to assert rights against third parties for reimbursement of past medical expenses. It includes provisions for notice requirements, judicial determinations, and penalties for non-compliance. The bill also specifies that class actions and multiple plaintiff actions are not authorized.