In its proposed budget (A.3003B), the NY Assembly allocated $2 million for a public long-term care insurance feasibility study. However, the final budget did not include the LTC study appropriation.
New York introduced two bills in early January 2025, NY A 1499 and S 1179. Both bills contain similar language establishing a New York long-term care trust program through which the state provides long-term care services and support to eligible residents. As written, the bill provides for an exemption for individuals with private long-term care coverage. Note that these bills appear to mirror those introduced during last year's session.
New York also introduced a bill in January 2025, NY A 4093, to provide personal income tax deduction for long-term care insurance riders under life insurance policies.
Regular session adjourned on 6/17/25.
On August 8, SB 8473 was introduced, which, if passed, would direct the New York State Department of Health to conduct a study exploring the feasibility of creating a public LTC insurance program.
The study’s findings would be due within a year of enactment -- NY State Senate Bill 2025-S8473
Additional Resources
Sources of Information: Trustmark, Finseca, NABIP and NAIFA
Revised: Sep 15, 2025