NY S04603

Changes the program name from "program for elderly pharmaceutical insurance coverage" to "program for expanded pharmaceutical insurance coverage" to reflect broader eligibility.

Expands age eligibility from 65+ years to gradually lower ages by 2029, reaching 18 years old, with Medicare enrollment required for all participants.

Excludes cost-of-living adjustments to Social Security income and pension benefits from income calculations when determining program eligibility.

Establishes an "expanded pharmaceutical insurance coverage panel" with representatives from education, health, financial services, aging, and budget departments to oversee program regulations, cost-sharing, contracts, and outreach efforts; requires annual reporting to legislature.

Adds coverage for medical marijuana dispensed in New York to the list of included drugs and requires the program to assist eligible individuals in enrolling in Medicare Savings Programs while maintaining their pharmaceutical coverage during the application process.