House Bill 491

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Last Action to Health & Welfare (H)
Title AN ACT relating to the consideration of the fair market value of property when determining Medicaid eligibility.
Bill Documents Bill
Bill Request Number 1711
Sponsor D. Meade
Summary of Original Version Create a new section of KRS 205.510 to 205.630 to define fair market value, when considered for Medicaid eligibility, to mean an estimate of the value of an asset if sold at the prevailing price at the time it was actually transferred based on the value listed by the property valuation administrator or a licensed appraiser, or the price brought on the property at a public auction conducted by a licensed auctioneer.
Index Headings of Original Version Disabilities and the Disabled - Medicaid eligibility, property, fair market value for
Health and Medical Services - Medicaid eligibility, property, fair market value for
Public Assistance - Medicaid eligibility, property, fair market value for
Medicaid - Eligibility, property, fair market value for
Aged Persons and Aging - Medicaid eligibility, property, fair market value for

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02/23/15
  • introduced in House
02/24/15
  • to Health & Welfare (H)


Last updated: 1/16/2019 3:10 PM (EST)