NY A01043

Raises the savings/asset limit for Medicaid eligibility from the current formula (150% of certain income thresholds tied to SSI program limits) to a flat $300,000

Applies the new $300,000 resource limit to both general Medicaid eligibility and the Medicaid Buy-In program for working disabled individuals aged 16-64

Takes effect January 1, 2026, contingent on federal financial participation (federal approval and matching funds)

Authorizes the Commissioner of Health to promulgate necessary rules and regulations prior to the effective date