This bill proposes an amendment to the Code of West Virginia by adding a new section, 9-3-7, which specifically addresses Medicaid eligibility calculations. The key provision of this amendment is the exemption of the first $25,000 of the cash value or death benefit of a life insurance policy from being counted in these calculations.

By implementing this change, the bill aims to provide financial relief to individuals who may be concerned about losing Medicaid eligibility due to the value of their life insurance policies. This exemption could help ensure that more residents can access necessary healthcare services without the fear of being penalized for having a life insurance policy.

Statutes affected:
Introduced Version: 9-5-11
Committee Substitute: 9-3-7