HB 4117 mandates the development of a strategic plan for home and community-based services under Medicaid and the Child Health Plan Program (CHIP). The plan must include proposals for reimbursement rate methodologies, an assessment of unmet needs, access-to-care standards, and cost analyses. It also establishes an advisory committee composed of stakeholders, including healthcare providers and Medicaid recipients, to provide recommendations on improving these services. The plan must be submitted to the Legislative Budget Board by January 1, 2026.