Requirement 1: Designating DHS as the Preferred Remainder Beneficiary (PRB)

Requirement 1: Designating DHS as the Preferred Remainder Beneficiary (PRB)

Determining whether DHS must be designated as the preferred remainder beneficiary (PRB)

EPM Definition: The person or entity required to be named as a beneficiary of a death benefit under an annuity. A preferred remainder beneficiary has preferential rights to the death benefit.

is the first annuity requirement you will apply. Annuities must meet certain conditions before we can require an applicant or their spouse to designate DHS as the PRB. These conditions will be discussed in the next module.

Applicants or enrollees who are exempt from asset limits must still comply with the PRB requirement for MA-LTC eligibility. This is listed on handout MA-LTC Clients Exempt from Asset Limits from the MA-LTC Basics course.

Purpose of designation:

By designating DHS as the preferred remainder beneficiary (PRB), DHS receives reimbursement from the death benefit for an amount up to the cost of Medical Assistance benefits that DHS has paid on the enrollee's or their spouse’s behalf.

Process:

There is an established process to follow when applicant or their spouse is required to designate DHS as the PRB. This process will also be discussed in the next module.

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MA-LTC Annuity Requirements

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