Assembly Bill A1040

2025-2026 Legislative Session

Relates to establishing the expanded pharmaceutical insurance coverage panel

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

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2025-A1040 (ACTIVE) - Details

Current Committee:
Assembly Aging
Law Section:
Elder Law
Laws Affected:
Add §242-a, Eld L
Versions Introduced in Other Legislative Sessions:
2021-2022: A5422
2023-2024: A6450

2025-A1040 (ACTIVE) - Summary

Creates the expanded pharmaceutical insurance coverage panel, to be responsible for expanding pharmaceutical insurance coverage.

2025-A1040 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1040
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              January 8, 2025
                                ___________
 
 Introduced by M. of A. KIM, GIBBS -- Multi-Sponsored by -- M. of A. COOK
   -- read once and referred to the Committee on Aging
 
 AN  ACT to amend the elder law, in relation to establishing the expanded
   pharmaceutical insurance coverage panel
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  The elder law is amended by adding a new section 242-a to
 read as follows:
   § 242-A. EXPANDED PHARMACEUTICAL INSURANCE COVERAGE PANEL.   1.  THERE
 IS  HEREBY  ESTABLISHED  WITHIN  THE EXECUTIVE DEPARTMENT, A PANEL TO BE
 KNOWN AS THE "EXPANDED PHARMACEUTICAL INSURANCE COVERAGE PANEL". FOR THE
 PURPOSES OF THIS SECTION, THE TERM "THE PANEL" SHALL MEAN  THE  EXPANDED
 PHARMACEUTICAL INSURANCE COVERAGE PANEL.
   2.  THE PANEL SHALL CONSIST OF THE COMMISSIONERS OF THE DEPARTMENTS OF
 EDUCATION AND HEALTH, THE SUPERINTENDENT OF THE DEPARTMENT OF  FINANCIAL
 SERVICES, AND THE DIRECTORS OF THE OFFICE FOR THE AGING AND THE DIVISION
 OF  THE  BUDGET.  EACH  PANEL  MEMBER  MAY DESIGNATE AN OFFICER OF THEIR
 RESPECTIVE DEPARTMENT, OFFICE, OR DIVISION TO REPRESENT AND EXERCISE ALL
 THE POWERS OF SUCH PANEL MEMBER AT ANY MEETING OF THE PANEL  FROM  WHICH
 SUCH PANEL MEMBER MAY BE ABSENT.
   3.  THE  DIRECTOR  OF THE OFFICE FOR THE AGING AND THE COMMISSIONER OF
 HEALTH SHALL SERVE AS CO-CHAIRS OF THE PANEL.
   4. THE PANEL SHALL MEET AT SUCH TIMES  AS  MAY  BE  REQUESTED  BY  THE
 CO-CHAIRS, PROVIDED THAT THE PANEL SHALL MEET AT LEAST TWO TIMES A YEAR.
   5. THE PANEL SHALL:
   (A)  SUBJECT TO THE APPROVAL OF THE DIRECTOR OF THE BUDGET, PROMULGATE
 PROGRAM REGULATIONS PURSUANT TO SECTION TWO HUNDRED  FORTY-SIX  OF  THIS
 TITLE;
   (B)  DETERMINE THE ANNUAL SCHEDULE OF COST-SHARING RESPONSIBILITIES OF
 ELIGIBLE PROGRAM PARTICIPANTS PURSUANT TO SECTIONS  TWO  HUNDRED  FORTY-
 SEVEN AND TWO HUNDRED FORTY-EIGHT OF THIS TITLE;
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00974-01-5
              

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