The proposed legislation, General Assembly Substitute Bill No. 807, aims to eliminate asset limits for beneficiaries of the HUSKY C health program over a five-year period, starting July 1, 2025. The bill outlines a gradual increase in asset limits for both unmarried and married individuals. For instance, by the fiscal year ending June 30, 2026, the asset limit for an unmarried person will rise from $1,600 to $10,000, and for married persons from $2,400 to $15,000. This increase will continue annually, reaching $100,000 for unmarried individuals and $150,000 for married individuals by the fiscal year ending June 30, 2029. Ultimately, by the fiscal year ending June 30, 2030, there will be no asset limit for either group.

Additionally, the bill allows individuals whose income exceeds the HUSKY C program limits to qualify by spending down their excess income on medical bills. The Commissioner of Social Services is also required to report annually on the number of eligible beneficiaries and any increased costs to the state resulting from these changes. The bill reflects a significant shift in policy aimed at expanding access to healthcare for low-income individuals and families.