Bill > A09121

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 will involve consulting with stakeholders to develop projected cost estimates for alternative financing and service models, with a specific focus on potential impacts to existing state-funded programs like Medicaid-funded home-based care, hospice, and residential long-term care programs. The study will include an analysis of current public and private long-term care financing programs, their participation rates, and coverage gaps, and will model three specific 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 also examine the potential impact of tax alternatives and incentives for private long-term care insurance, including projected take-up rates, demographic profiles of potential purchasers, and potential effects on Medicaid expenditures. The Department of Health is required to prepare a report with findings and recommendations to be submitted to the governor and legislature within one year of the act's effective date, with the bill taking effect immediately upon passage.

Budget and Finance, Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A9121