HB1256sam001 95TH GENERAL ASSEMBLY

Sen. Don Harmon

Filed: 5/3/2007

09500HB1256sam001 LRB095 05329 DRJ 35691 a

AMENDMENT TO HOUSE BILL 1256

AMENDMENT NO. ______. Amend House Bill 1256 on page 7, by replacing lines 8 through 16 with the following:

"11, the Department shall, subject to federal approval:

(a) set the income eligibility standard at not lower than 350% of the federal poverty level;

(b) exempt retirement accounts that the person cannot access without penalty before the age of 59 1/2, and medical savings accounts established pursuant to 26 U.S.C. 220;

(c) allow non-exempt assets up to $25,000 as to those assets accumulated during periods of eligibility under this paragraph 11; and

(d) continue to apply subparagraphs (b) and (c) in determining the eligibility of the person under this Article even if the person loses eligibility under this paragraph 11.".