HIGHER ED SAVINGS-MEDICAID

Amends the State Treasurer Act. Provides that, beginning in 2026, the Department of Healthcare and Family Services shall provide the State Treasurer with information on Medicaid recipients with one or more dependent children born after December 31, 2025 for the purpose of identifying the amount of seed funds to be deposited for each beneficiary. In provisions concerning supplementary deposits, provides that the State Treasurer may make supplementary deposits to each eligible child who is enrolled in Medicaid or whose parent or legal guardian is enrolled in Medicaid in the amount of $50 or a greater amount if designated by the State Treasurer by rule. Makes conforming changes.