MEDICAID-LONG TERM CARE INSUR House SponsorsRep. Carolyn H. Krause-Paul D. Froehlich-Daniel V. Beiser-Lisa M. Dugan, Careen M Gordon, Gary Hannig, Annazette Collins and Karen A. Yarbrough 1/9/2007HouseSession Sine Die 305 ILCS 5/5-2from Ch. 23, par. 5-2 Amends the Illinois Public Aid Code. Provides that an individual's assets to be disregarded in determining eligibility for Medicaid include the assets the individual owns at the time the individual applies for Medicaid if (i) the individual is the beneficiary of a qualified long-term care insurance policy that provides maximum benefits of at least $200,000 and includes a provision under which the daily benefit increases by at least 5% per year beginning January 1, 2006, compounded at least annually, and (ii) the individual has exhausted the policy's benefits. 1/10/2006HouseFiled with the Clerk by Rep. Carolyn H. Krause 1/10/2006HouseFirst Reading 1/10/2006HouseReferred to Rules Committee 1/19/2006HouseAdded Chief Co-Sponsor Rep. Paul D. Froehlich 1/25/2006HouseAdded Chief Co-Sponsor Rep. Lisa M. Dugan 2/7/2006HouseAdded Co-Sponsor Rep. Careen M Gordon 2/8/2006HouseAdded Chief Co-Sponsor Rep. Daniel V. Beiser 3/1/2006HouseAdded Co-Sponsor Rep. Gary Hannig 3/1/2006HouseAdded Co-Sponsor Rep. Kathleen A. Ryg 3/1/2006HouseAdded Co-Sponsor Rep. Annazette Collins 3/1/2006HouseAdded Co-Sponsor Rep. Karen A. Yarbrough 3/1/2006HouseRemoved Co-Sponsor Rep. Kathleen A. Ryg 1/9/2007HouseSession Sine Die