Bill Text: NY S03179 | 2015-2016 | General Assembly | Introduced
Bill Title: Limits cost-sharing responsibilities of participants in the elderly pharmaceutical insurance coverage program for both comprehensive and catastrophic coverages to no more than five percent of the eligible participant's gross income.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2016-01-06 - REFERRED TO AGING [S03179 Detail]
Download: New_York-2015-S03179-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
3179
2015-2016 Regular Sessions
I N S E N A T E
February 3, 2015
___________
Introduced by Sen. STAVISKY -- read twice and ordered printed, and when
printed to be committed to the Committee on Aging
AN ACT to amend the elder law, in relation to limiting the cost-sharing
responsibilities of eligible participants in the elderly pharmaceu-
tical insurance coverage program
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 247 of the elder law is amended by adding a new
2 subdivision 5 to read as follows:
3 5. COST-SHARING RESPONSIBILITIES LIMIT. AT NO TIME DURING A COVERAGE
4 PERIOD SHALL THE COST-SHARING RESPONSIBILITIES, WHICH ARE COMPRISED OF
5 THE SUM OF THE ANNUAL REGISTRATION FEE AND CO-PAYMENTS, EXCEED FIVE
6 PERCENT OF THE ELIGIBLE PROGRAM PARTICIPANT'S GROSS INCOME, EFFECTIVE
7 IMMEDIATELY.
8 S 2. This act shall take effect on the one hundred twentieth day next
9 succeeding the date on which it shall have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04924-01-5
