Bill Text: NY S07867 | 2015-2016 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Vetoed) 2016-11-28 - VETOED MEMO.294 [S07867 Detail]

Download: New_York-2015-S07867-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7867
                    IN SENATE
                                      May 18, 2016
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance
        AN ACT to amend the insurance  law,  in  relation  to  Medicare  part  D
          employer group waiver plans
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The insurance law is amended by adding a new  section  3242
     2  to read as follows:
     3    §  3242. Medicare part D employer group waiver plans.  Notwithstanding
     4  any other provision of this chapter, an insurer, a corporation organized
     5  pursuant to article forty-three of this chapter,  a  health  maintenance
     6  organization  certified  pursuant  to  article  forty-four of the public
     7  health law, or a municipal cooperative  health  benefit  plan  certified
     8  pursuant  to article forty-seven of this chapter that issues an employer
     9  group waiver plan covering prescription drug benefits for Medicare bene-
    10  ficiaries pursuant to 42 U.S.C.  1395w-132  shall  not  be  required  to
    11  comply  with  the  requirements of this chapter regarding the nature and
    12  scope of benefits under such policies or contracts or the filing of such
    13  policies or contracts and rates for  the  review  and  approval  of  the
    14  superintendent.
    15    §  2.  This  act  shall take effect immediately and shall be deemed to
    16  have been in full force and effect on and after January 1, 2014.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15501-01-6