Bill > S08473

This bill directs the New York State Department of Health to contract with a qualified entity to conduct a comprehensive feasibility study and actuarial analysis of long-term services and supports (LTSS) financing options. The study must be developed in consultation with stakeholders and will examine existing public and private long-term care financing programs, identifying gaps in coverage, affordability, and participation. Specifically, the study must model three potential public long-term care insurance program options funded through payroll deductions: a front-end limited-duration program, a back-end catastrophic program, and an unlimited-duration program. The analysis will include detailed projections such as estimated program participation rates, costs, benefit distribution, and potential impacts on Medicaid expenditures. Additionally, the study will explore tax alternatives and incentives for private long-term care insurance, assessing how these might influence insurance take-up rates and the sociodemographic profile of potential purchasers. The Department of Health is required to submit a report with findings and recommendations to the governor and legislature within one year of the bill's effective date, providing policymakers with a comprehensive overview of potential long-term care financing strategies.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/S8473