Massachusetts General Laws ch. 118E sec. 28 – Disposal of resources at less than fair market value; period of ineligibility
Current as of: 2023 | Check for updates
|
Other versions
Section 28. In determining the eligibility of an institutionalized individual, as defined by Title XIX, the division shall impose a period of ineligibility, consistent with said Title XIX, against any such individual if said individual or his spouse disposes of resources for less than fair market value. In determining the eligibility of a non-institutionalized individual, as defined in said Title XIX, the division may impose a period of ineligibility as permitted by said Title XIX.
Terms Used In Massachusetts General Laws ch. 118E sec. 28
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.