SENATE DOCKET, NO. 974        FILED ON: 1/18/2023

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 769

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Jason M. Lewis

_________________

To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:

The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:

An Act to update Medicaid resource limits for seniors.

_______________

PETITION OF:

 

Name:

District/Address:

 

Jason M. Lewis

Fifth Middlesex

 

Sal N. DiDomenico

Middlesex and Suffolk

2/2/2023

Steven Ultrino

33rd Middlesex

2/3/2023

Rebecca L. Rausch

Norfolk, Worcester and Middlesex

7/6/2023


SENATE DOCKET, NO. 974        FILED ON: 1/18/2023

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 769

By Mr. Lewis, a petition (accompanied by bill, Senate, No. 769) of Jason M. Lewis, Sal N. DiDomenico and Steven Ultrino for legislation to update Medicaid resource limits for seniors.  Health Care Financing.

 

[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE SENATE, NO. 793 OF 2021-2022.]

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Ninety-Third General Court
(2023-2024)

_______________

 

An Act to update Medicaid resource limits for seniors.

 

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

SECTION 1. Section 25 of chapter 118E of the General Laws is hereby amended by striking out subsection (1) in its entirety and replacing it with the following new subsection:-

(1) Monthly income in an amount not exceeding the level equivalent of 138% of the federal poverty level, as updated annually;

SECTION 2. Section 25 of chapter 118E of the General Laws is hereby amended by inserting after subsection (5) the following:

(6) the cash surrender value of any life insurance owned by the applicant or member or his or her spouse without regard to the face value of the policy or policies;

(7) resources in the amount of $10,000 per individual and $20,000 per couple.

The division shall submit a state plan amendment to implement this section no later than 30 days after the effective date of this section and subsequently promulgate all regulations necessary to implement said income and resource exemptions.