Subject of Possible Rule Making: The department is amending WAC 388-561-0200 Annuities and adopting new WAC 388-561-0201 Annuities purchased on or after October 1, 2008, and other rules as appropriate. (This is the proposed effective date of the new WAC. The title of the WAC may change if the adoption date is different.)

     Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 74.04.050, 74.04.057, 74.08.090, 74.09.500, 74.09.530.

     Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: Amendments are necessary to meet the requirements of section 6012 of the Deficit Reduction Act (DRA) of 2005. Section 6012 added new requirements to Title XIX of the Social Security Act pertaining to the treatment of annuities. WAC 388-561-0200 is being amended to include the new requirements of the DRA, clarify language, and update WAC references.

     The department is creating WAC 388-561-0201 for new rules regarding annuities purchased on or after the effective date of the WAC.

     Process for Developing New Rule: The department invites the interested public to review and provide input on the draft language of this rule. Draft material and information on how to participate may be obtained from the department representative listed below.

     Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Lori Rolley, Home and Community Services, P.O. Box 45600, Olympia, WA 98504-5600, phone (360) 725-2271, fax (360) 407-7582, e-mail rollelj@dshs.wa.gov.

February 4, 2008

Stephanie E. Schiller

Rules Coordinator

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