New 401(k) Rules May Impact Medicaid Determinations for Couples
On January 1, 2020, new federal rules went into effect relating to hardship distributions from 401(k)s and other ERISA plans.
The new rule — 26 CFR 1.401(k)-1(d)(3)(ii)(B) — broadens and changes the circumstances under which a 401(k) plan must be made available to employees. Previously, a company with a 401K plan had the discretion to limit the ability of an active employee...