Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to insurance |
Jan 19, 2011 |
referred to insurance |
Senate Bill S2375
2011-2012 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C) Senate District
2011-S2375 (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd ยงยง3216, 4304 & 4322, Ins L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S3047
2013-2014: S3464
2011-S2375 (ACTIVE) - Sponsor Memo
BILL NUMBER:S2375 TITLE OF BILL: An act to amend the insurance law, in relation to coverage requirements of certain health insurance plans PURPOSE: The purpose of this legislation is to help individuals and businesses afford the skyrocketing cost of health insurance, by making it easier for them to purchase high-deductible health plans (HDHPs) that are coupled with health savings accounts (HSAs). SUMMARY OF PROVISIONS: Sections 3216, 3221, 4304, and 4322 of the insurance law are amended to authorize HMOs and insurers to offer HDHPs coupled with HSAs. Such policies were created under the federal Medicare Prescription Drug, Improvement, and Modernization Act of 2003. EXISTING LAW: Current law prohibits HDHPs and HSAs from being offered by HMOs and in the individual market. JUSTIFICATION:
2011-S2375 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2375 2011-2012 Regular Sessions I N S E N A T E January 19, 2011 ___________ Introduced by Sens. SEWARD, BONACIC, DeFRANCISCO, JOHNSON, LARKIN, O'MARA, RANZENHOFER -- read twice and ordered printed, and when print- ed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to coverage requirements of certain health insurance plans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (l) of section 3216 of the insurance law, as added by chapter 504 of the laws of 1995, is amended to read as follows: (l) On and after January first, nineteen hundred ninety-seven, no insurer shall offer major medical, comprehensive or other comparable individual contracts, other than for purposes of conversion, unless the benefits of such contracts, including deductibles and coinsurance, are identical to the out-of-plan benefits of the contracts described in section four thousand three hundred twenty-two of this chapter. Such contracts must include a prescription drug benefit complying with the requirements of that section. THE REQUIREMENTS OF THIS SUBSECTION SHALL NOT APPLY TO A POLICY INTENDED TO QUALIFY FOR USE IN A HEALTH SAVINGS ACCOUNT PURSUANT TO SECTION 1201 OF THE FEDERAL MEDICARE PRESCRIPTION DRUG, IMPROVEMENT AND MODERNIZATION ACT OF 2003. S 2. Subsection (l) of section 4304 of the insurance law, as added by chapter 504 of the laws of 1995, is amended to read as follows: (l) On and after January first, nineteen hundred ninety-seven, no insurer shall offer major medical, comprehensive or other comparable individual contracts on a direct payment basis, other than for purposes of conversion, unless the benefits of such contracts, including deduct- ibles and coinsurance, are identical to the out-of-plan benefits of the contracts described in section four thousand three hundred twenty-two of this article. Such contracts must include a prescription drug benefit complying with the requirements of such section. THE REQUIREMENTS OF THIS SUBSECTION SHALL NOT APPLY TO A POLICY INTENDED TO QUALIFY FOR USE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05748-01-1
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