Missouri Senate OKs bill to up asset cap for Medicaid

JEFFERSON CITY, Mo. (AP) – Senators have voted to increase how much money aging, blind and disabled Missourians on Medicaid can keep in assets.

Senators passed the legislation 29-1 Tuesday, but it heads back to the House because of Senate changes.

Aging, blind and disabled Missourians on Medicaid currently can’t keep more than $1,000 in assets such as savings, or $2,000 for married couples. Republican Sen. Bob Dixon says that contributes to a cycle of dependency.

The legislation would raise limits to $2,000 for individuals and $4,000 for married couples beginning in July 2017. That would increase annually until the limits hit $5,000 for individuals and $10,000 for couples in 2021.

Senators voted 24-7 to defeat an amendment for a broad expansion of who is eligible to receive benefits through the Medicaid health care program.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Article source: https://health.einnews.com/article/325502419/TIO-XjDVoa9Q8yKm?ref=rss&ecode=uiQ1mLaH2KVPSS4e