Medicaid Asset Verification: New Rules and Requirements for Applicants.
This act mandates asset verification for all Medicaid applicants and recipients across all states. This means citizens will need to prove their financial resources do not exceed specific limits to receive or maintain benefits. The goal is to ensure aid reaches those most in need and to manage public funds more efficiently.
Key points
All Medicaid applicants and recipients will undergo asset verification, regardless of age or health status.
States must implement electronic asset verification systems within one year of the act's enactment.
New asset limits, similar to those in the SSI program, will determine Medicaid eligibility.
Federal agencies will track savings from asset verification and require regular reports from states.
States failing to comply with new requirements may be mandated to implement corrective action plans.
Introduced
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