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H 3025

Geriatric Physician Loan Forgiveness Program

2025-2026 Regular Session Introduced by Heather Crawford and 5 co-sponsors

South Carolina expands the Geriatric Physician Loan Forgiveness Program to include other qualified health professionals, raises the max reimbursement to 50,000 per year of fellowsh

Member(s) request name added as sponsor: Crawford
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Bill Summary · H 3025

Summary — H 3025 (documents include mixed texts)

Note on source material: The packet provided contains text from two distinct proposals with overlapping identifiers — a Massachusetts House docket (House No. 3025) proposing a long‑term care insurance tax credit, and a South Carolina bill amending the Geriatric Physician Loan Forgiveness Program (S.C. Code §43‑21‑200). The title you supplied (Geriatric Physician Loan Forgiveness Program) corresponds to the South Carolina amendment. This summary highlights both measures and clearly identifies which jurisdiction each provision applies to.

Purpose

  • South Carolina amendment: Expand and enhance the Geriatric Physician Loan Forgiveness Program to broaden eligible participants beyond physicians and increase the maximum reimbursable loan amount.
  • Massachusetts bill (House No. 3025): Create a state income tax credit for individuals who purchase long‑term care insurance.

Key provisions — South Carolina (Geriatric Physician Loan Forgiveness Program)

  • Eligible participants: Language expands from only “physicians” to “physicians or other qualified health professionals” (broadening the pool of eligible health professionals).
  • Participation limit: No more than four participants per year unless sufficient funding exists to support more.
  • Contract requirements (for participants): Agree to
    • Practice in South Carolina for at least five consecutive years immediately following fellowship completion;
    • Accept Medicare and Medicaid patients;
    • Accept reimbursement or contractual binding rates; and
    • Not discriminate based on ability to pay.
  • Reimbursement mechanics:
    • Upon contract execution, the department reimburses student loan payments made by the participant during the last completed calendar quarter.
    • Maximum reimbursable amount is increased to $50,000 (the text shows an increase from $35,000 to $50,000), multiplied by the number of years of fellowship completed; amounts prorated for fellowship periods shorter than one year.
  • Effective date: Takes effect upon the Governor’s approval.

Key provisions — Massachusetts (Long‑Term Care Insurance Tax Credit)

  • Tax credit: Individuals eligible for a long‑term care insurance policy receive a credit against Massachusetts personal income tax (Chapter 62) equal to 20% of premiums paid.
  • Applicability: For taxable years ending on or after December 31, 2023.
  • Administration: Claimants must provide information requested by the Department of Revenue; commissioner to promulgate implementing regulations.

Who is affected

  • South Carolina: Current and recent fellowship physicians and other qualifying health professionals who took student loans and commit to practice geriatrics (or related long‑term care specialties) in South Carolina — especially in Medicare/Medicaid‑serving settings. State health department administering reimbursements and state budget (funding caps).
  • Massachusetts: Individuals who purchase long‑term care insurance; state revenue will see reduced receipts to the extent credits are claimed.

Procedural status & timeline (as provided)

  • Massachusetts House No. 3025: Prefiled 12/05/2024; introduced/read first time 01/14/2025; referred to Revenue 02/27/2025; Senate concurred (02/27/2025); hearings scheduled/rescheduled in Sep 2025; sponsor names added (Davis, Crawford).
  • South Carolina amendment: Filed 12/05/2024; text indicates effective upon Governor’s approval. (The record shows duplicate draft texts dated 12/05/2024 and 12/05/2024–12/05/2024.)

If you prefer, I can produce a focused one‑page summary for only the South Carolina amendment (geriatric loan program) or only the Massachusetts tax‑credit bill. Which would you like?

Compiled from official sources — confirm details with the bill’s official record.

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