Safeguarding Medicaid Act

Bill 119 s 1082, also known as the Medicaid Asset Verification Program Act, aims to expand the Medicaid asset verification program to all applicants for and recipients of medical assistance in all states and territories. The bill seeks to ensure that individuals applying for Medicaid benefits are accurately reporting their assets and income in order to qualify for the program.

Under the proposed legislation, all states and territories would be required to implement an asset verification program for Medicaid applicants and recipients. This program would involve verifying an individual's assets, such as bank accounts, real estate, and other financial resources, to determine their eligibility for Medicaid benefits.

The bill also includes provisions for penalties for individuals who provide false information or fail to report their assets accurately. These penalties could include fines or disqualification from receiving Medicaid benefits. Overall, the goal of Bill 119 s 1082 is to prevent fraud and abuse within the Medicaid program by ensuring that only those who truly qualify for assistance receive benefits. The bill aims to promote transparency and accountability in the Medicaid application process, ultimately saving taxpayer dollars and ensuring that resources are allocated to those who are most in need of assistance.