This week, the House Committee on Children and Families heard public testimony on legislation to increase the asset limits in Medicaid health coverage for disabled persons under the age of 65. Senate Bill 322, sponsored by Senator Tom Dempsey (R- St. Charles), has the potential to assist over 6,000 new cases by the year 2020.
Beginning in 2016, the asset limit would increase by $2,000 for individuals and $4,000 for couples, and increase by $1,000 for individuals and $2,000 for couples each subsequent year thereafter through 2019. By 2020 the asset limit will be capped at $5,000 for individuals and $10,000 for couples, allowing increases only for cost of living.
According to U.S. Census data, 12,886 people in Missouri, age 19 and above, have a disability and by increasing the asset limit it is estimated that 25% of those individuals would become eligible for Medicaid health benefits.
The Missouri Catholic Conference supports SB 322 and will continue to advocate for the disabled to be able to increase their assets while continuing to receive healthcare.