Connecticut House Bill HB05147

Connecticut 2018 Regular Session

• Introduced: 2/16/18
• Refer: 2/16/18

Caption

An Act Prohibiting Asset Limits For The Medicare Savings Program.

Impact

The proposed legislation is anticipated to considerably impact state laws related to financial assistance programs, specifically the regulations governing eligibility for the Medicare Savings Program. By eliminating asset limits, the bill would enable more individuals to qualify for assistance that helps cover premiums, deductibles, and other out-of-pocket costs associated with Medicare. This change could lead to increased enrollment in the program and, ultimately, improved health outcomes for many residents, as financial barriers to accessing healthcare are reduced.

Summary

House Bill 05147 proposes to amend section 17b-256f of the general statutes by prohibiting asset limits for participants of the Medicare Savings Program. The primary aim of this bill is to enhance financial access for individuals who qualify for Medicare but may face limitations due to their asset holdings. By removing these asset thresholds, the bill seeks to assist more vulnerable populations, particularly the elderly and those with disabilities, in affording necessary medical care and services under Medicare.

Contention

Notable points of contention surrounding HB 05147 may stem from concerns regarding the financial implications for the state budget. Critics of the bill may argue that removing asset limits could lead to an increased demand for state funds allocated to the Medicare Savings Program, potentially impacting other areas of social spending. Additionally, there may be debate over the balance between providing essential support to low-income individuals and managing the fiscal responsibilities of the state. Stakeholders may present differing views on how such financial assistance programs should be structured to ensure sustainability while meeting the health needs of the population.