Senate Bill S1350

Signed By Governor
2023-2024 Legislative Session

Relates to brand-name drugs with and without an AB generic equivalent

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


  • 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

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2023-S1350 (ACTIVE) - Details

See Assembly Version of this Bill:
A3693
Law Section:
Insurance Law
Laws Affected:
Amd §§3216, 3221 & 4303, Ins L; amd §4, Chap of 2022 (as proposed in S.5299-A & A.1741-A)

2023-S1350 (ACTIVE) - Summary

Relates to brand-name drugs with and without an AB generic equivalent; amends the effective date from January to July next succeeding the date on which it shall have become a law.

2023-S1350 (ACTIVE) - Sponsor Memo

2023-S1350 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1350
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                             January 11, 2023
                                ___________
 
 Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the insurance law, in relation to calculating an insured
   individual's overall contribution to any out-of-pocket maximum or  any
   cost-sharing  requirement;  and to amend a chapter of the laws of 2022
   amending the insurance law relating to calculating an insured individ-
   ual's overall contribution to any out-of-pocket maximum or  any  cost-
   sharing  requirement,  as  proposed  in  legislative  bills numbers S.
   5299-A and A. 1741-A, in relation to the effectiveness thereof
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  37  of  subsection  (i) of section 3216 of the
 insurance law, as added by a chapter of the laws of 2022   amending  the
 insurance  law  relating  to calculating an insured individual's overall
 contribution to any out-of-pocket maximum or any  cost-sharing  require-
 ment, as proposed in legislative bills numbers S. 5299-A and A.  1741-A,
 is amended to read as follows:
   (37)  Any  policy  that provides coverage for prescription drugs shall
 apply any third-party payments, financial assistance, discount,  voucher
 or  other  price reduction instrument for out-of-pocket expenses made on
 behalf of an insured individual for the cost of A  prescription  [drugs]
 DRUG  to the insured's deductible, copayment, coinsurance, out-of-pocket
 maximum, or any other cost-sharing  requirement  when  calculating  such
 insured  individual's  overall contribution to any out-of-pocket maximum
 or any cost-sharing requirement.  If under federal law,  application  of
 this  requirement  would  result in health savings account ineligibility
 under 26 USC 223,  this  requirement  shall  apply  for  health  savings
 account-qualified  high  deductible  health  plans  with  respect to the
 deductible of such a plan after the enrollee has satisfied  the  minimum
 deductible  under  26  USC  223,  except  for  with  respect to items or
 services that are preventive care pursuant to 26  USC  223(c)(2)(C),  in
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04217-01-3
              

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