; (4) in subparagraph (E), by striking subject to the life insurance policy exclusion and inserting , subject to the exclusions ; and (5) in subparagraph (G)— (A) in the subparagraph heading, by striking Life insurance policy exclusion and inserting Resource exclusions ; and (B) by striking for purposes of subparagraphs (D) and (E) no part of the value of any life insurance policy shall be taken into account. and inserting for purposes of subparagraphs (D)(i) and (E), the following exclusions shall apply: (i) Life insurance policy No part of the value of any life insurance policy shall be taken into account. (ii) Eligible retirement plan No balance in any eligible retirement plan (as described in subparagraph (C)(i)(II)) shall be taken into account. . (b) Conforming amendment Section 1905(p)(1)(C) of the Social Security Act ( 42 U.S.C. 1396d(p)(1)(C) ) by striking life insurance policy exclusion and inserting exclusions . (c) Effective date The amendments made by subsection (a) shall apply with respect to plan years beginning on or after January 1, 2025.