Bill > S769

This bill aims to update the Medicaid resource limits for seniors in Massachusetts. Specifically, it would increase the monthly income limit to 138% of the federal poverty level and exempt certain resources, including the cash surrender value of life insurance policies and up to $10,000 per individual or $20,000 per couple in other resources. The bill requires the state's Medicaid agency, the Division of Medical Assistance, to submit a state plan amendment and promulgate regulations to implement these new income and resource exemptions.