H.R. 8662: To provide assisted living assistance through Medicaid and low-income housing tax credit.
This bill aims to enhance the availability and funding of assisted living services for eligible individuals through Medicaid and the low-income housing tax credit. It includes the following key components:
1. Medicaid Coverage for Assisted Living Services
The bill proposes to amend the Social Security Act to include services provided in assisted living residences as part of Medicaid's covered medical assistance. Specifically:
- It allows Medicaid reimbursement for services in assisted living facilities for individuals who require hospital or nursing facility-level care.
- To be eligible, individuals must meet certain income and resource criteria set by the state.
- The estimated costs for providing care in assisted living facilities must not exceed what would be spent on care in hospitals or nursing homes.
2. Mandatory Benefit Inclusion
The bill would also make the coverage of these assisted living services a mandatory benefit under Medicaid, expanding the set of services that states must provide to eligible individuals.
3. Implementation Timeline
The amendments to include assisted living services are expected to take effect on January 1, 2027. However, states that require changes to their own legislation to comply with these new requirements may have some leeway to implement the changes after this date.
4. Low-Income Housing Tax Credit Changes
Additionally, the bill modifies the selection criteria for projects that receive low-income housing tax credits. It adds a new provision that favors projects designed to:
- Reduce medical assistance costs for long-term services and supports for the elderly by offering these services in non-institutional settings, such as assisted living.
The new criteria would apply to allocations made after January 1, 2027.
Relevant Companies
- AMGN (Amgen Inc.): As a biotechnology company, Amgen could be impacted due to potential changes in demand for their therapies among the elderly population receiving assisted living services.
- UNH (UnitedHealth Group Incorporated): As a major health insurance company, UnitedHealth may experience changes in Medicaid costs and services offered to eligible individuals in assisted living facilities.
- HUM (Humana Inc.): Humana, also involved in health insurance, could be affected by alterations in how Medicaid covers assisted living services and the associated costs.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
2 actions
| Date | Action |
|---|---|
| May. 04, 2026 | Introduced in House |
| May. 04, 2026 | Referred to the Committee on Ways and Means, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
Corporate Lobbying
0 companies lobbying
None found.
* Note that there can be significant delays in lobbying disclosures, and our data may be incomplete.
