Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Aug 08, 2025 |
referred to rules |
Senate Bill S8473
2025-2026 Legislative Session
Sponsored By
(D, WF) 37th Senate District
Current Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2025-S8473 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Public Health
2025-S8473 (ACTIVE) - Sponsor Memo
BILL NUMBER: S8473 SPONSOR: MAYER TITLE OF BILL: An act directing the department of health to contract with a qualified entity for a feasibility study and actuarial analysis of long-term services and supports financing and services options PURPOSE OR GENERAL IDEA OF BILL: To direct the Department of Health to conduct an analysis of current public and private long term care financing options in New York State, to explore the feasibility of creating a public long-term care insurance option, and to prepare a report with findings and recommendations for the Governor and Legislature. SUMMARY OF PROVISIONS: Section 1 authorizes and directs the Department of Health to contract with a qualified entity to conduct a feasibility study and actuarial analysis of long-term services and supports financing and service
2025-S8473 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8473 2025-2026 Regular Sessions I N S E N A T E August 8, 2025 ___________ Introduced by Sen. MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT directing the department of health to contract with a qualified entity for a feasibility study and actuarial analysis of long-term services and supports financing and services options THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The department of health is hereby authorized and directed to contract with a qualified entity for a feasibility study and actuari- al analysis of long-term services and supports financing and services options. The study and analysis shall be developed in consultation with stakeholders and provide projected cost estimates of alternative financ- ing and service options as well as possible impacts to existing state- funded programs and services, including, but not limited to, Medicaid- funded home-based care and hospice programs as well as residential long-term care programs. § 2. Such study shall include but not be limited to: (a) an analysis of public and private long-term care financing programs that exist in the state, the participation rates for those programs and any clear gaps that exist including, but not limited to, gaps in coverage, affordability, participation and any factors relevant to the design of a public program; (b) modeling of three public long-term care insurance program options funded through a payroll deduction, including a front-end, limited dura- tion program, a limited duration, back-end catastrophic program, and an unlimited duration program; provided further, that key modeling outputs shall include estimated program participation rates, program costs, the distribution of program benefits, the impact on Medicaid expenditures and any financial and legal risks to the state; provided further, that sensitivity analysis on key program parameters shall be completed and EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13577-01-5 S. 8473 2
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