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HB 197/FN (BR 1113) - D. Meade
AN ACT relating to the consideration of the fair market value of property when determining Medicaid eligibility.
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.
Jan 07, 2016 - introduced in House
Jan 11, 2016 - to Health & Welfare (H)