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205.6322 Cabinet to seek to prohibit sheltering of assets in long-term-care cases.

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Page 1 of 1 205.6322 Cabinet to seek to prohibit sheltering of assets in long-term-care cases. The Cabinet for Health and Family Services shall seek to prohibit the sheltering of assets <br>in medical assistance long-term-care cases by promulgation of administrative regulations, <br>pursuant to KRS Chapter 13A, that establish the following: <br>(1) Consideration of assets placed in Medicaid-qualifying trusts as a prohibited transfer of resources, to the extent prohibited by federal law; (2) Revision of Medicaid policy to provide that assets funding the purchase of an annuity shall be treated as a transfer of resources unless the annuity is actuarially <br>sound as defined in administrative regulations promulgated by the cabinet pursuant <br>to KRS Chapter 13A; (3) Revision of Medicaid policy to treat income-producing property as an available resource to the extent allowed by federal law; (4) Review of Medicaid eligibility procedures and operation to improve eligibility verification and detection of fraud and abuse; and (5) Review of the feasibility of instituting a photographic identification card, possibly in conjunction with other entitlement programs, to reduce fraud and abuse through <br>misuse of Medicaid identification cards. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 99, sec. 253, effective June 20, 2005. -- Amended 1998 Ky. Acts ch. 426, sec. 211, effective July 15, 1998. -- Amended 1996 Ky. Acts <br>ch. 371, sec. 32, effective July 15, 1996. -- Created 1994 Ky. Acts ch. 512, sec. 78, <br>effective July 15, 1994.