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NY S07867

Bill

Official Source

Status

Vetoed

11/28/2016

Primary Sponsor

James Seward

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Adds new Section 3242 to New York Insurance Law exempting certain entities from filing and approval requirements for Medicare Part D employer group waiver plans
  • Applies exemption to insurers, health maintenance organizations, municipal cooperative health benefit plans, and Article 43 corporations that issue employer group waiver plans covering prescription drug benefits for Medicare beneficiaries
  • Exempts these entities from compliance with insurance law requirements regarding nature and scope of benefits and rate filing/approval by the superintendent
  • Exemption covers prescription drug benefits constituting non-Medicare other health insurance under 42 U.S.C. 1395w-132
  • Effective immediately and retroactively to January 1, 2014

Legislative Description

Relates to requirements under Medicare part D employer group waiver plans.

Last Action

VETOED MEMO.294

11/28/2016

Committee Referrals

Insurance6/14/2016
Rules5/23/2016
Insurance5/18/2016

Full Bill Text

No bill text available