CMS Letter to State Medicaid Directors About DRA Asset Transfer Changes

July 27, 2006 CMS Letter to State Medicaid Directors About DRA Asset Transfer Changes The changes modify various portions of the federal Medicaid statute. However, many provisions of the statute are not changed by the Deficit Reduction Act (DRA). In implementing the DRA, states should note that these changes exist: Sections 6011 and 6016, pertaining to transfers of assets for less than fair market value   Section 6012, pertaining to treatment of annuities The effective date for most, but not all, of the changes made by the DRA were effective upon the date of enactment, which was February 8, 2006 . . .