In the legislative session that just ended, we passed several bills to support seniors throughout the state.
First, in the budget, we smoothed the retirement tax cliff. The budget gradually reduces the amount of pension, annuity, and IRA income a taxpayer may deduct until the exemption fully phases out at $100,000 ($150,000 for joint filers).
In addition, in House Bill 5781, we:
- Established a new coordinator of state services for people with neurodegenerative disorders or diseases
- Strengthened patient's involvement in their homemaker care plans and streamlined the process for filing complaints
- Expanded eligibility for seniors to participate in adult day services (serving those with early onset dementia)
- Required homemaker companion companies to provide notice to their clients before they abruptly close and prohibited any increases in rates without at least 60-day notice
In other important legislation, we:
- Expanded Medicaid coverage for services like primary healthcare, physical therapy, and meals (House Bill 6677)
- Increased funding for elderly nutrition and Meals on Wheels (House Bill 6941)
- And, importantly, to help shield our older residents from being victimized, we passed P.A. 23-161, AN ACT CONCERNING FINANCIAL EXPLOITATION OF SENIOR CITIZENS. Starting July 1, 2024, banks and credit unions will have the power to temporarily suspend or hold transactions involving an account of an adult over the age of 60 if there is a reasonable suspicion of financial exploitation for up to 45 days.
These bills will ensure that our seniors receive the quality-of-life services and care they need and deserve, as well as address their financial security. |