An Act to update Medicaid resource limits for seniors

This bill updates Massachusetts Medicaid eligibility rules for seniors by raising the monthly income limit to 138% of the federal poverty level, which will be adjusted each year. It also changes how assets are counted, allowing seniors to include the cash value of their life insurance policies and increasing the resource limit to $10,000 for individuals and $20,000 for couples. The state Medicaid agency must submit a plan to implement these changes within 30 days and create necessary regulations to enforce the new limits. These adjustments directly affect older adults seeking Medicaid coverage and the state's administration of the program.