FamilyCare Act of 2005

FamilyCare Act of 2005 - Renames the State Children's Health Insurance program (SCHIP) under title XXI of the Social Security Act (SSA) as the FamilyCare program.

Provides for: (1) FamilyCare coverage of parents and pregnant women under Medicaid (SSA title XIX) as well as under new SSA title XXI; (2) optional FamilyCare coverage of parents of targeted low-income children; (3) automatic eligibility for FamilyCare coverage of children born to a parent on FamilyCare assistance; (4) optional coverage of legal immigrants and of children through age 20 under Medicaid and FamilyCare; (5) authorization of a State to use simplified procedures under Medicaid for families under Family care; (6) revision of the transitional medical assistance program; (7) limitations on specified conflicts of interests under Medicaid and FamilyCare; (8) a limitation on cost-sharing to 2.5 percent for families with income below 150 percent of the poverty level; and (9) increased Federal reimbursement for language services under Medicaid and FamilyCare.

Requires the Comptroller General to study and report to Congress on funding under SSA title XXI.

Authorizes the Secretary of Health and Human Services to award demonstration grants to up to seven States (or other qualified entities) to conduct innovative programs designed to improve outreach to enroll homeless individuals and families and provide them services under specified programs for the homeless (including Medicaid and FamilyCare).