Increases the savings exemption for Medicaid eligibility in New York.

This bill amends the social services law to increase the savings exemption for Medicaid eligibility. Specifically, it raises the limit for one and two-person households to $300,000. The change is effective January 1, 2026, subject to federal financial participation. The commissioner of health must notify the legislative bill drafting commission upon federal participation to update the official text of the laws.

Increases the savings exemption for Medicaid eligibility in New York.

This bill amends the social services law to increase the savings exemption for Medicaid eligibility. Specifically, it raises the limit for one and two-person households to $300,000. The change is effective January 1, 2026, subject to federal financial participation. The commissioner of health must notify the legislative bill drafting commission upon federal participation to update the official text of the laws.