HB 306 — Medical assistance; provide for conversion of life insurance policies for funding for long-term care services to delay medical assistance; provisions
House Second Readers
A BILL to be entitled an Act to amend Article 7 of Chapter 4 of Title 49 of the Official Code of Georgia Annotated, relating to medical assistance generally, so as to provide for the conversion of life insurance policies for funding for long-term care services to delay medical assistance; to provide that the proceeds of the conversion through a life settlement contract be used only for long-term care services; to provide requirements for owners of life insurance policies and for providers; to provide for education for applicants and recipients of medical assistance; to provide for rules and regulations; to provide for applicability; to provide for related matters; to repeal conflicting laws; and for other purposes.
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