Massachusetts S769 updates Medicaid resource limits for seniors.

Massachusetts S769 amends Medicaid resource limits for seniors by updating the monthly income limit to 138% of the federal poverty level and removing the $10,000 individual and $20,000 couple resource limits. The bill also includes the cash surrender value of life insurance as a resource. The Division of Medical Assistance must submit a state plan amendment and necessary regulations within 30 days of the bill's effective date.

Massachusetts S769 updates Medicaid resource limits for seniors.

Massachusetts S769 amends Medicaid resource limits for seniors by updating the monthly income limit to 138% of the federal poverty level and removing the $10,000 individual and $20,000 couple resource limits. The bill also includes the cash surrender value of life insurance as a resource. The Division of Medical Assistance must submit a state plan amendment and necessary regulations within 30 days of the bill's effective date.