Bill > S03554

This bill increases the Medicaid savings exemption limit from a previously complex calculation to a straightforward $300,000 for individuals and households. Currently, Medicaid eligibility was determined by a percentage-based calculation related to supplemental security income (SSI) program limits, but this new legislation simplifies the process by establishing a flat $300,000 savings threshold. The bill specifically applies to two groups: disabled individuals aged 16-64 who would otherwise qualify for SSI but have earnings above the allowable limit, and general Medicaid applicants. The changes are designed to make Medicaid more accessible by allowing individuals and households to retain more savings without losing eligibility. The bill is set to take effect on January 1, 2026, but its implementation is contingent upon receiving federal financial participation. This means the actual implementation will depend on federal approval and funding, and the New York State Commissioner of Health will notify the legislative bill drafting commission once federal financial participation is secured.

Budget and Finance, Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S3554