This bill aims to enhance the Medicare Savings Programs (MSP) by expanding eligibility criteria for low-income seniors and individuals with disabilities. It introduces a new chapter, CHAPTER 8.16, titled "Medicare Savings Programs," which outlines the purpose and definitions related to these programs. The bill specifically increases the income limit for qualified Medicare beneficiaries to one hundred twenty-five percent (125%) of the federal poverty line and establishes a new income range of one hundred twenty-five percent (125%) to one hundred sixty-eight percent (168%) of the federal poverty line for qualified individuals. Notably, there will be no asset limit applied to eligibility for these programs, which is intended to better address the financial needs of Rhode Islanders aged sixty-five (65) and older and those with severe disabilities.

Additionally, the bill mandates that the Secretary of the Executive Office of Health and Human Services ensure a streamlined application process for individuals seeking to enroll in these programs, including utilizing data from the Low-Income Subsidy (LIS) program. The Secretary is also tasked with maintaining a simplified application form for individuals whose applications are not initiated through LIS information and publicizing the availability of the Medicare Savings Programs. Furthermore, the Secretary is required to submit any necessary amendments to the Medicaid state plan or the 1115 waiver to implement the provisions of this chapter. The act will take effect upon passage, reflecting the General Assembly's commitment to improving access to healthcare for vulnerable populations.