NY A05367

Amends New York Insurance Law sections 3216, 3221, and 4303 to align state cost-sharing requirements with federal Health Savings Account (HSA) eligibility rules under Internal Revenue Code section 223

Requires that for HSA-qualified high deductible health plans, state-mandated cost-sharing requirements apply only after the enrollee has met the minimum federal deductible threshold

Exempts preventive care services from the deductible requirement, allowing cost-sharing rules to apply immediately for preventive items regardless of whether the minimum deductible has been satisfied

Prevents state insurance mandates from inadvertently disqualifying high deductible health plans from HSA eligibility by ensuring cost-sharing rules don't conflict with federal requirements

Takes effect immediately upon enactment