Kentucky Revised Statutes Title XVII. Economic Security and Public Welfare § 205.6322. Cabinet to seek to prohibit sheltering of assets in long-term-care cases

(1)  Consideration of assets placed in Medicaid-qualifying trusts as a prohibited transfer of resources, to the extent prohibited by federal law;

(2)  Revision of Medicaid policy to provide that assets funding the purchase of an annuity shall be treated as a transfer of resources unless the annuity is actuarially sound as defined in administrative regulations promulgated by the cabinet pursuant to KRS Chapter 13A;

(3)  Revision of Medicaid policy to treat income-producing property as an available resource to the extent allowed by federal law;

(4)  Review of Medicaid eligibility procedures and operation to improve eligibility verification and detection of fraud and abuse;  and

(5)  Review of the feasibility of instituting a photographic identification card, possibly in conjunction with other entitlement programs, to reduce fraud and abuse through misuse of Medicaid identification cards.