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Arkansas committee approves bill to exclude employer retirement accounts from long-term-care eligibility calculations
Summary
House Bill 18-47 would instruct Medicaid to exclude employer-sponsored retirement accounts and assets accumulated while on the Medicaid buy-in when determining long-term-care eligibility, intended to prevent penalizing people with significant physical disabilities who saved for retirement; witness testimony described the change as critical to beneficiaries' long-term independence.
House Bill 18-47, presented by Representative Julie Mayberry with in-room testimony from Shannon Long (speaker 18), would direct the Medicaid agency to exclude employer-sponsored retirement accounts and assets accumulated while on the Medicaid buy-in when determining eligibility for long-term-care supports. Long,…
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