SB 323 Summary

• Modifies rate-setting regulations for residential care homes under Connecticut's Medicaid program, effective July 1, 2014

• Establishes that capital expenditures under $10,000 for land, building, or nonmovable equipment repairs and improvements cannot be capitalized for more than five years for rate-setting purposes

• Applies to costs reported in the cost year used to establish facility rates, beginning with fiscal year ending June 30, 2015 and all subsequent fiscal years

• Affects how residential care homes calculate depreciation and recover costs for facility improvements through Medicaid reimbursement rates