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Sponsors
No co-sponsors yet.
History
- Substituted by A7943
- Ordered to third reading cal.1587
- Committee discharged and committed to rules
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends provisions of law relating to a health savings account pilot program
Signed by Governor · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5758
Title of bill
An act to amend chapter 440 of the laws of 2012 amending the insurance law relating to a health savings account pilot program, in relation to extending the provisions thereof
Purpose
The purpose of this bill is to continue to allow HMOs to offer to certain municipalities a group high deductible health plan in conjunction with a health savings account.
Summary of provisions
This bill extends a provision of the insurance law which allows HMOs to offer to certain municipalities a group high deductible health plan in conjunction with a health reimbursement account or a health savings account, provided that the plan is offered pursuant to an existing collective bargaining agreement between the municipalities and its employees and that the municipality pays the deductible on behalf of its employees. The provisions of this bill would sunset on December 31, 2017.
Justification
This bill would allow the continuation of a Managed Care Saving Account, limited to certain municipalities, to allow HMOs to offer group high deductible health plans, in conjunction with a health savings account or a health reimbursement account, provided that the municipality contributes an amount at least equal to the deductible required by the plan. In addition, the plan must be offered pursuant to an existing collective bargaining agreement The provisions of this bill would sunset on December 31, 2017.
Legislative history
Chapter 440 of 2012
Effective date
Immediately and shall expire December 31, 2017
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.