Bill > SB545

This bill, titled "The Help for Low Income Seniors Act of 2026," aims to expand financial eligibility for the Medicare Savings Program, a federal initiative that helps low-income individuals pay for Medicare premiums, coinsurance, and deductibles. Specifically, it proposes to remove the resource limit, meaning seniors will no longer have their assets (like savings accounts or property) counted when determining if they qualify for the program. Additionally, the bill seeks to make the low-income subsidy for Medicare Part D, which helps with prescription drug costs, available to residents, provided it receives approval from the Centers for Medicare and Medicaid Services (CMS), the federal agency overseeing Medicare and Medicaid. This change is intended to provide further assistance to seniors struggling with the cost of their medications.