Senate Bill S8473

2025-2026 Legislative Session

Directs 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

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Sponsored By

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

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2025-S8473 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Public Health

2025-S8473 (ACTIVE) - Summary

Directs 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.

2025-S8473 (ACTIVE) - Sponsor Memo

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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