MA H1414

Sets monthly income eligibility for seniors at 138% of the federal poverty level, updated annually

Establishes resource limits of $10,000 per individual and $20,000 per couple for Medicaid eligibility

Exempts the cash surrender value of life insurance policies from asset calculations, regardless of face value

Requires annual inflation adjustments to resource limits based on the Consumer Price Index for All Urban Consumers

Mandates the division submit a state plan amendment within 30 days of the effective date and promulgate implementing regulations