The proposed legislation, Substitute Bill No. 326, aims to modify the asset limits for the HUSKY C health program over a five-year period, starting July 1, 2026. The bill mandates the Commissioner of Social Services to gradually increase the asset limits for both unmarried and married individuals, ultimately eliminating the asset limit entirely by the fiscal year ending June 30, 2032. Specifically, the asset limit for an unmarried person will rise from $1,600 to $100,000, and for married persons from $2,400 to $150,000 by the end of the five-year period. Additionally, the bill allows individuals whose income exceeds the program's limits to qualify by spending down their excess income on medical bills.

Furthermore, the Commissioner is required to submit annual reports to the General Assembly detailing the number of eligible and ineligible individuals for the HUSKY C program, the reasons for ineligibility, and projections for future eligibility based on the new asset limits. This reporting will help assess the impact of the changes on the program and any associated costs to the state. The bill reflects a significant shift in policy aimed at increasing access to healthcare for low-income individuals and families.