NY S00345

Amends Elder Law Section 241 to authorize the Commissioner of Health to adopt policies excluding certain non-recurring income items from calculations for the elderly pharmaceutical insurance coverage program.

Non-recurring items that may be excluded include a retiree's previous year's wages and non-recurring distributions from an individual retirement account.

Exclusions apply only when such income would artificially inflate the availability of funds to meet current needs.

Income definition continues to be based on "household gross income" as defined in the real property tax circuit breaker credit program under Tax Law Section 606, limited to applicants and spouses only.

Act takes effect immediately upon enactment.