Bill Text: NY S04881 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Increases the amount of the savings exemption for eligibility for Medicaid.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2024-06-05 - referred to health [S04881 Detail]

Download: New_York-2023-S04881-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          4881

                               2023-2024 Regular Sessions

                    IN SENATE

                                    February 16, 2023
                                       ___________

        Introduced  by  Sen.  CLEARE -- read twice and ordered printed, and when
          printed to be committed to the Committee on Health

        AN ACT to amend the social services law, in relation to  increasing  the
          amount of the savings exemption for eligibility for Medicaid

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subparagraph 4 of paragraph (a) of subdivision 2 of section
     2  366 of the social services law, as amended by section 43 of  part  C  of
     3  chapter 58 of the laws of 2008, is amended to read as follows:
     4    (4)  savings  in  amounts  equal  to  [one  hundred fifty] six hundred
     5  percent of the income amount permitted under subparagraph seven of  this
     6  paragraph,  provided,  however,  that the amounts for one and two person
     7  households shall not be less than the amounts permitted to  be  retained
     8  by  households  of  the same size in order to qualify for benefits under
     9  the federal supplemental security income program;
    10    § 2. Subparagraph 4 of paragraph (a) of subdivision 2 of  section  366
    11  of the social services law, as amended by section 3 of part AAA of chap-
    12  ter 56 of the laws of 2022, is amended to read as follows:
    13    (4)  savings  in  amounts  equal  to  [one  hundred fifty] six hundred
    14  percent of the income amount permitted under subparagraph seven of  this
    15  paragraph,  provided,  however,  that the amounts for one and two person
    16  households shall not be less than the amounts permitted to  be  retained
    17  by  households  of  the same size in order to qualify for benefits under
    18  the federal supplemental security income program;
    19    § 3. This act shall take effect on the first of January next  succeed-
    20  ing the date on which it shall have become a law; provided however, that
    21  if  section  3  of  part AAA of chapter 56 of the laws of 2022 shall not
    22  have taken effect on or before such date then section two  of  this  act
    23  shall  take  effect  on  the  same  date  and in the same manner as such
    24  section of such part of such chapter of the laws of 2022, takes effect.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09634-01-3