The "Help for Low Income Seniors Act of 2026" aims to enhance financial eligibility for the Medicare savings program by removing the resource limit previously imposed. Specifically, the bill amends RSA 167 by inserting a new section, 167:4-g, which eliminates the resource test for financial eligibility and allows for the low-income subsidy for Medicare Part D to be made available to residents, contingent upon approval from the Centers for Medicare and Medicaid Services (CMS). This change is expected to significantly increase access to the program, with an estimated 2,033 additional individuals qualifying due to the removal of asset limits.

The fiscal impact of the bill indicates that while it does not provide new funding or positions, it is projected to incur costs of approximately $5,909,760 annually. This includes an estimated $3,582,150 in federal funds and $2,327,610 in general fund expenses, primarily due to the increased number of beneficiaries qualifying for the program. The bill is designed to assist low-income seniors with their healthcare costs, particularly in relation to prescription drugs, thereby improving their financial stability and access to necessary medical services.