The "Help for Low Income Seniors Act of 2026" proposes significant changes to the financial eligibility criteria for the Medicare savings program. Specifically, the bill aims to eliminate the resource test by including a resource disregard in the eligibility requirements. This change is intended to make it easier for low-income seniors to qualify for the program, which provides assistance with Medicare costs. Additionally, the bill seeks to make the low income subsidy for Medicare Part D available to residents to help cover prescription drug expenses, contingent upon approval from the Centers for Medicare & Medicaid Services (CMS).
The bill amends RSA 167 by adding a new section, 167:4-g, which outlines the administration of the Medicare savings program in accordance with federal law. The effective date for this act is set for 60 days after its passage. However, the Office of Legislative Budget Assistant has not yet completed a fiscal note for the bill, as it is still awaiting information from the Department of Health and Human Services regarding the financial implications of these changes.