S. 2466: Senior Savings Protection Act

This bill is known as the Senior Savings Protection Act. It aims to enhance funding for programs that aid low-income populations, particularly senior citizens, by making several amendments to existing legislation regarding federal support for various assistance programs. Here’s a breakdown of its key components:

Funding for State Health Insurance Assistance Programs

The bill proposes an extension of funding for state health insurance assistance programs. It specifically allocates:

• $15 million per fiscal year for the years 2026 through 2030.

Funding for Area Agencies on Aging

Similar to the health insurance programs, the bill seeks to provide funding for area agencies on aging, which help older adults access services and benefits. This section also includes:

• $15 million per fiscal year for the years 2026 through 2030.

Funding for Aging and Disability Resource Centers

The bill further proposes financial support for aging and disability resource centers, with an allocation of:

• $5 million per fiscal year for the years 2026 through 2030.

Coordination of Efforts to Inform Older Americans

To improve communication and outreach efforts about available benefits under federal and state programs, the bill includes:

• $15 million per fiscal year for the years 2026 through 2030.

Overall, the Senior Savings Protection Act focuses on enhancing support for various organizations and programs aimed at assisting low-income seniors, ensuring they have better access to health insurance and related benefits over the specified fiscal years.

Relevant Companies

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