The proposed legislation, General Assembly Substitute Bill No. 807, aims to eliminate asset limits for HUSKY C beneficiaries over a five-year period, starting on July 1, 2025. The bill mandates the Commissioner of Social Services to gradually increase the asset limits for both unmarried and married individuals. Specifically, the asset limit for unmarried persons will rise from $1,600 to $10,000 in the first year, eventually reaching $100,000 by the fourth year, and ultimately eliminating the asset limit entirely by the fiscal year ending June 30, 2030. For married couples, the asset limit will increase from $2,400 to $15,000 initially, and then to $150,000 by the end of the five-year period.

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 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 by removing financial barriers associated with asset limits.