An Act to update medicaid resource limits for seniors

This bill updates Medicaid eligibility rules for seniors in Massachusetts by raising income and resource limits. It sets the monthly income limit at 138% of the federal poverty level (updated yearly) and excludes life insurance cash surrender values from resource calculations. Seniors applying for Medicaid will now qualify if their resources stay under $10,000 individually or $20,000 for couples, with these amounts adjusted annually for inflation using the Consumer Price Index. These changes aim to make Medicaid more accessible for older adults with modest savings.