GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 2357

Short Title:  Medicaid Resource Limits/Funds.	(Public)
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Sponsors: Representatives Wiser; B. Ethridge, Judy Hunt, N. Crawford, Kennedy, DeVane, Jeralds, Gardner, and Flaherty.
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Referred to:  Human Resources.
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June 6, 1990

A BILL TO BE ENTITLED
AN ACT TO CHANGE CERTAIN MEDICAID RESOURCE LIMITS AND TO APPROPRIATE FUNDS.
The General Assembly of North Carolina enacts:
Section 1.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall increase the resource limits for the Medicaid medically needy program to the resource limits for the Supplemental Security Income Program.  The Division shall establish these new limits for families of three or more.
Sec. 2.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall increase the minimum face value of life insurance policies for which cash value is counted towards the Medicaid Program resources limit from one thousand five hundred dollars ($1,500) to five thousand dollars ($5,000) per individual.
Sec. 3.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall increase the maximum amount of assets designated for burial excluded as a resource from the Medicaid resources test from one thousand five hundred dollars ($1,500) to five thousand dollars ($5,000).
Sec. 4.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall exclude burial plots as resources for the Medicaid resources test.
Sec. 5.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall exclude all personal property except motor vehicles as resources for the Medicaid resources test.
Sec. 6.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall consider payments from promissory notes as countable income rather than as a countable resource for the Medicaid resources test.
Sec. 7.  Effective July 1, 1990, the Division of Medical Assistance, Department of Human Resources, shall exclude lump sum payments of prior months' Supplemental Security Income and Social Security benefits for six months from receipt of payment from the Medicaid available liquid assets test.
Sec. 8.  There is appropriated from the General Fund to the Division of Medical Assistance, Department of Human Resources, the sum of $1,027,444 for the 1990-91 fiscal year for the State share of the cost of funding this act.
Sec. 9.  This act shall become effective July 1, 1990.