NY S08473

Directs the Department of Health to contract with a qualified entity for a feasibility study and actuarial analysis of long-term services and supports financing options, developed in consultation with stakeholders

Requires analysis of existing public and private long-term care financing programs in the state, including participation rates and gaps in coverage, affordability, and access

Mandates modeling of three public long-term care insurance program options funded through payroll deduction: a front-end limited duration program, a back-end catastrophic program, and an unlimited duration program

Requires modeling of tax alternatives and incentives for private long-term care insurance purchases, including impacts on take-up rates and Medicaid expenditures

Report with findings and recommendations must be submitted to the governor and legislature within one year of the act's effective date