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PACE Expanded Act
12/19/2024, 9:06 AM
Summary of Bill HR 6590
The PACE program allows property owners to finance these projects through a special assessment on their property tax bill, which can be paid back over a period of time. This bill aims to make the PACE program more accessible and attractive to a wider range of property owners by expanding eligibility criteria and increasing funding for the program.
If passed, the PACE Expanded Act would provide additional resources for state and local governments to administer the program, as well as establish guidelines for the types of projects that can be financed through PACE. The bill also includes provisions to protect consumers and ensure that projects funded through PACE are completed in a timely and efficient manner. Overall, the PACE Expanded Act seeks to promote energy efficiency and renewable energy adoption by making it easier for property owners to finance these projects. It is currently being debated in Congress, and its ultimate fate will depend on the support it receives from lawmakers.
Congressional Summary of HR 6590
Program of All-Inclusive Care for the Elderly Expanded Act or the PACE Expanded Act
This bill modifies requirements regarding Programs of All-Inclusive Care for the Elderly (PACE). PACE is a program under Medicare and Medicaid that provides in-home and community services for certain individuals as an alternative to nursing home care.
The bill allows Medicare beneficiaries to enroll in a PACE program at any time and provides states with the option to allow Medicaid beneficiaries to do the same. Entities may also apply to become PACE providers at any time, upon specified assurances relating to staffing and other requirements.
The bill also (1) allows the Center for Medicare and Medicaid Innovation to test a model for expanded PACE eligibility that targets high-need and high-cost populations, and (2) requires an evaluation of the effectiveness of PACE in rural and underserved areas.
