The bill titled "The Help for Low Income Seniors Act" aims to enhance financial eligibility criteria for the Medicare savings program by removing asset limits and increasing income thresholds. Specifically, it proposes to eliminate the resource test, allowing individuals to qualify for the program without regard to their assets. Additionally, it establishes new income disregards, enabling individuals with incomes up to 185% of the federal poverty level to be classified as qualified Medicare beneficiaries, while those with incomes between 185% and 250% of the federal poverty level would be recognized as qualified individuals.

To implement these changes, the bill mandates the Department of Health and Human Services to adopt necessary rules and submit amendments to the state Medicaid plan to the Centers for Medicare and Medicaid Services by November 1, 2025. The legal language inserted into the current law includes the new section RSA 167:4-g, which outlines the revised financial eligibility criteria, while the bill deletes the existing resource test. The act is set to take effect 60 days after its passage.