Massachusetts H1414 updates Medicaid resource limits for seniors, adjusting them annually for inflation.

Massachusetts H1414 amends Medicaid resource limits for seniors, setting new caps at $10,000 for individuals and $20,000 for couples. These limits will be adjusted annually based on the U.S. Department of Labor’s Consumer Price Index for All Urban Consumers. The bill also mandates that the Division of Medical Assistance submit a state plan amendment within 30 days of the bill's effective date to implement these changes.

Massachusetts H1414 updates Medicaid resource limits for seniors, adjusting them annually for inflation.

Massachusetts H1414 amends Medicaid resource limits for seniors, setting new caps at $10,000 for individuals and $20,000 for couples. These limits will be adjusted annually based on the U.S. Department of Labor’s Consumer Price Index for All Urban Consumers. The bill also mandates that the Division of Medical Assistance submit a state plan amendment within 30 days of the bill's effective date to implement these changes.