An Act to update Medicaid resource limits for seniors

HD 639 updates Medicaid eligibility rules for seniors in Massachusetts by raising the income limit to 138% of the federal poverty level (adjusted annually) and establishing new resource limits. Specifically, it excludes the cash surrender value of life insurance from asset calculations and sets a $10,000 resource limit for individuals and $20,000 for couples. These changes directly affect seniors applying for Medicaid, allowing them to retain more assets while qualifying for coverage. The state must implement these updates within 30 days of the bill's effective date through a formal plan amendment and new regulations.