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A 1043

Increases the amount of the savings exemption for eligibility for Medicaid

2025 Regular Session Introduced by Monique Chandler-Waterman and 8 co-sponsors

Increases the dollar amount of the savings exemption used to determine Medicaid eligibility, allowing savers to qualify with more on hand.

REFERRED TO HEALTH
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WeVote Research Nonpartisan
Bill Summary · A 1043

Bill Summary: A 1043 — Increases the Savings Exemption for Medicaid Eligibility

Overview

A 1043 is a New York Assembly bill introduced on January 8, 2025, titled “Increases the amount of the savings exemption for eligibility for Medicaid.” The bill is currently REFERRED TO HEALTH, indicating it has been assigned to the Assembly Health Committee for consideration. The text provided does not include the exact new exemption amount or the detailed statutory language.

Purpose and Intent

  • The primary goal is to increase the dollar amount of the savings exemption used in Medicaid eligibility determinations.
  • By raising the exempted savings, more individuals who have higher savings on hand may qualify for Medicaid, while still protecting a portion of their resources from the asset test.

Key Provisions (as described by title and status)

  • Increase the savings exemption amount in the Medicaid asset eligibility framework.
  • The bill would adjust the calculation or threshold that determines whether an applicant’s savings count toward Medicaid asset limits.
  • The specific new exemption amount, indexing provisions (if any), and exact eligibility implications are not provided in the available information.

Who Would Be Affected

  • Primary: Individuals applying for Medicaid who currently face asset/ savings limits, including seniors, people with disabilities, and their families.
  • Potential broader impact on households with moderate savings who are seeking Medicaid coverage.

Procedural and Timeline Aspects

  • Introduced: January 8, 2025.
  • Status: REFERRED TO HEALTH (Assembly Health Committee).
  • Legislative actions listed show the referral on January 8, 2025; no further actions are provided in the available data.
  • Related processes: If advanced, the bill would need committee approval, floor votes in the Assembly, and potential consideration in the Senate (companion bill exists).

Sponsors

  • Primary sponsor: Ron Kim
  • Co-sponsors: Monique Chandler-Waterman, Andrew Hevesi, Linda Rosenthal, Eddie Gibbs, Jessica Gonzalez-Rojas, Maritza Davila, Rebecca Seawright, Al Taylor

Related Bills

  • A 5940 (prior session) – related measure in the Assembly
  • S 3554 (companion) – Senate companion (listed twice in the provided materials)

Potential Impacts and Considerations

  • Fiscal/State Budget: The fiscal impact depends on changes in Medicaid eligibility resulting from a higher savings exemption; could affect Medicaid enrollment and expenditures. Specific cost implications are not provided in the available summary.
  • Access and Security: Could improve financial security for individuals who have saved funds but still need Medicaid benefits.
  • Implementation: Pending detailed language, including the exact exemption amount, any inflation indexing, and implementation timelines.

What to Look for Next

  • The exact revised savings-exemption amount and any related statutory changes.
  • Any fiscal notes or impact assessments from the sponsor or committee.
  • Movement through the Health Committee and floor votes in the Assembly, plus any action on the Senate companion (S 3554).

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

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