AN ACT CONCERNING COST OF LIVING ADJUSTMENTS TO LONG-TERM CARE FACILITY RESIDENTS' PERSONAL NEEDS ALLOWANCE.

HB 5300 increases the monthly personal needs allowance for Medicaid and Supplemental Security Income (SSI) recipients living in long-term care facilities to $75, effective July 1, 2026. It requires annual adjustments to this allowance each July 1, increasing it by 25% of the federal SSI cost-of-living adjustment (COLA) each year. The bill directly affects residents in licensed nursing homes, chronic disease hospitals, and similar facilities who receive Medicaid or SSI benefits. Funds will be paid to the facilities to deposit into residents’ personal accounts, ensuring the allowance keeps pace with inflation.