Bill > H1414

This bill updates the Medicaid resource limits for seniors by modifying existing Massachusetts law to include two key provisions that will help seniors qualify for Medicaid benefits. First, the bill exempts the cash surrender value of life insurance policies from being counted as a resource when determining Medicaid eligibility, regardless of the policy's face value. Second, the bill establishes new resource limits of $10,000 for an individual and $20,000 for a couple, which will be automatically adjusted annually for inflation using the Consumer Price Index (CPI) for All Urban Consumers. The Massachusetts health care division is required to submit a state plan amendment within 30 days of the bill's effective date and develop regulations to implement these new income and resource exemptions. These changes are designed to make Medicaid more accessible to seniors by allowing them to maintain more of their assets while still qualifying for critical health care assistance.

Health and Social Services

https://malegislature.gov/Bills/194/H1414