New York A 1043: Authorizes the study of the number of senior citizens in New York state who have filed for bankruptcy in the past ten years

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A01043 Summary:

BILL NOA01043 

&nbsp

SAME ASSAME AS S03554

&nbsp

SPONSORKim (MS)

&nbsp

COSPNSRGibbs, Gonzalez-Rojas, Seawright, Chandler-Waterman, Davila, Taylor, Hevesi, Rosenthal

&nbsp

MLTSPNSRCook

&nbsp

Amd §366, Soc Serv L

&nbsp

Increases the amount of the savings exemption for eligibility for Medicaid.

Go to top A01043 Actions:

BILL NOA01043 

&nbsp

01/08/2025referred to health

01/07/2026referred to health

Go to topA01043 Committee&nbspVotes:

Go to topA01043 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA01043 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1043

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 8, 2025
 ___________

 Introduced by M. of A. KIM, GIBBS, GONZALEZ-ROJAS, SEAWRIGHT, CHANDLER-
 WATERMAN, DAVILA -- Multi-Sponsored by -- M. of A. COOK -- read once
 and referred 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
 2 section 366 of the social services law, as amended by section 3 of part
 3 AAA of chapter 56 of the laws of 2022, is amended to read as follows:
 4 (4) savings in amounts equal to [one hundred fifty percent of the
 5 income amount permitted under subparagraph seven of this paragraph,
 6 provided, however, that the amounts for one and two person households
 7 shall not be less than the amounts permitted to be retained by house-
 8 holds of the same size in order to qualify for benefits under the feder-
 9 al supplemental security income program] three hundred thousand dollars;
 10 § 2. Subparagraph 5 of paragraph (c) of subdivision 1 of section 366
 11 of the social services law, as amended by chapter 583 of the laws of
 12 2023, is amended to read as follows:
 13 (5) A disabled individual at least sixteen years of age, but under the
 14 age of sixty-five, who: would be eligible for benefits under the supple-
 15 mental security income program but for earnings in excess of the allow-
 16 able limit; has net available income that does not exceed two hundred
 17 fifty percent of the applicable federal income official poverty line, as
 18 defined and updated by the United States department of health and human
 19 services, for a one-person or two-person household, as defined by the
 20 commissioner in regulation; has household resources, as defined in para-
 21 graph (e) of subdivision two of section three hundred sixty-six-c of
 22 this title, other than retirement accounts, that do not exceed [one
 23 hundred fifty percent of the income amount permitted under subparagraph
 24 seven of paragraph (a) of subdivision two of this section, for a one-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD00970-02-5

 A. 1043 2

 1 person or two-person household] three hundred thousand dollars, as
 2 defined by the commissioner in regulation; and contributes to the cost
 3 of medical assistance provided pursuant to this subparagraph in accord-
 4 ance with subdivision twelve of section three hundred sixty-seven-a of
 5 this title; for purposes of this subparagraph, disabled means having a
 6 medically determinable impairment of sufficient severity and duration to
 7 qualify for benefits under section 1902(a)(10)(A)(ii)(xv) of the social
 8 security act.
 9 § 3. This act shall take effect January 1, 2026; provided, however,
 10 that the effectiveness of sections one and two of this act shall be
 11 subject to federal financial participation; provided, further, however,
 12 that the commissioner of health shall notify the legislative bill draft-
 13 ing commission upon the occurrence of federal financial participation in
 14 order that the commission may maintain an accurate and timely effective
 15 data base of the official text of the laws of the state of New York in
 16 furtherance of effectuating the provisions of section 44 of the legisla-
 17 tive law and section 70-b of the public officers law. Effective imme-
 18 diately, the addition, amendment and/or repeal of any rule or re