West Virginia SB151: Exempting life insurance cash value from Medicaid eligibility calculations
Status: In committee, February 26, 2026
What the bill says
To amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §9-3-7, relating to exempting cash value of life insurance policy from Medicaid eligibility calculations. ARTICLE 3. APPLICATION FOR AND GRANTING OF ASSISTANCE. §9-3-7. Medicaid eligibility calculations. The first $25,000 of the cash value of a life insurance policy shall be exempt from Medicaid eligibility calculations.
From the engrossed text, January 22, 2026:
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §9-3-7, relating to exempting cash value of life insurance policy from Medicaid eligibility calculations. ARTICLE 3. APPLICATION FOR AND GRANTING OF ASSISTANCE. §9-3-7. Medicaid eligibility calculations. The first $25,000 of the cash value of a life insurance policy shall be exempt from Medicaid eligibility calculations.
: On 2nd reading, rereferred to Health and Human Resources
: Read 1st time
: Immediate consideration
: Reported without recommendation
: To Health and Human Resources
: Committee substitute reported, but first to Health and Human Resources
: To Banking and Insurance
: Introduced in Senate
: To Banking and Insurance then Health and Human Resources
: Filed for introduction
Subjects: Date Introduced, Bill Tracking », Floor Activity, Roll Call Votes, Short Title, Committee Activity, Sponsor, All Same As
Common questions
What is SB151?
SB151 is a bill in the West Virginia Legislature (2026 Regular Session): Exempting life insurance cash value from Medicaid eligibility calculations.
What does SB151 do?
In its own words: To amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §9-3-7, relating to exempting cash value of life insurance policy from Medicaid eligibility calculations. ARTICLE 3. APPLICATION FOR AND GRANTING OF ASSISTANCE. §9-3-7. Medicaid eligibility calculations. The first $25,000 of the cash value of a life insurance policy shall be exempt from Medicaid eligibility calculations.
What is the status of SB151?
In committee as of February 26, 2026. Latest action: On 2nd reading, rereferred to Health and Human Resources (February 26, 2026).
Who sponsored SB151?
Oliverio, Mike (R, 13), with 5 co-sponsors.
Where is the official record for SB151?
On the West Virginia Legislature website: https://www.wvlegislature.gov/bill_status/Bills_history.cfm?input=151&year=2026&sessiontype=RS&btype=bill