Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 21, 2014 |
signed chap.465 |
Nov 10, 2014 |
delivered to governor |
Jun 17, 2014 |
returned to senate passed assembly ordered to third reading rules cal.286 substituted for a8957a |
Jun 12, 2014 |
referred to ways and means delivered to assembly passed senate |
Jun 10, 2014 |
ordered to third reading cal.1261 committee discharged and committed to rules |
Jun 09, 2014 |
print number 6672a |
Jun 09, 2014 |
amend and recommit to finance |
May 28, 2014 |
reported and committed to finance |
Feb 26, 2014 |
referred to insurance |
Senate Bill S6672A
Signed By Governor2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2013-S6672 - Details
- See Assembly Version of this Bill:
- A8957
- Law Section:
- Insurance Law
- Laws Affected:
- Add §342, amd §§1113, 3201 & 3230, Ins L
2013-S6672 - Summary
Directs the department of financial assistance to establish a public awareness program on the availability of long term health care insurance, the financing thereof and the provision of tax credits for premiums paid therefor; accelerates payment of death benefits and special surrender values upon receipt of the insured of end of life or palliative care.
2013-S6672 - Sponsor Memo
BILL NUMBER:S6672 TITLE OF BILL: An act to amend the insurance law, in relation to establishing a public awareness program on the availability of long term health care insurance and the tax credits therefor, and accelerating payment of death benefits or a special surrender value pursuant to a life insurance policy upon receipt of end of life or palliative care PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to expand upon the provisions of Chapter 563 of the Laws of 2010, which expanded the types of end of life care that can be financed by an accelerated death benefit rider attached to a life insurance policy to include persons who have resided in a nursing home for three months or more. This bill expands such end of life care that can be financed by a life insurance accelerated death benefit to include end of life care provided for by a long term home health care provider, hospice or adult day care services or palliative care. Such long term care would need to have been provided for at least three months or more, with the expectation that such beneficiary will continue to require such services until death. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Adds Insurance Law section 342 to allow for the establishment of a coordinated public awareness program to encourage
2013-S6672 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6672 I N S E N A T E February 26, 2014 ___________ Introduced by Sen. KLEIN -- 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 establishing a public awareness program on the availability of long term health care insur- ance and the tax credits therefor, and accelerating payment of death benefits or a special surrender value pursuant to a life insurance policy upon receipt of end of life or palliative care THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The insurance law is amended by adding a new section 342 to read as follows: S 342. PUBLIC AWARENESS TO FINANCE LONG TERM CARE. THE DEPARTMENT, DEPARTMENT OF HEALTH, OFFICE FOR THE AGING AND DEPARTMENT OF TAXATION AND FINANCE MAY JOINTLY ESTABLISH AND CONDUCT A PUBLIC AWARENESS PROGRAM ON THE AVAILABILITY AND COVERAGE PROVIDED BY LIFE INSURANCE AND HEALTH INSURANCE PLANS FOR LONG TERM CARE, AND THE PROVISIONS OF VARIOUS TAX CREDITS THEREFOR. S 2. Paragraph 1 of subsection (a) of section 1113 of the insurance law, as amended by chapter 563 of the laws of 2010, is amended to read as follows: (1) "Life Insurance," means every insurance upon the lives of human beings, and every insurance appertaining thereto, including the granting of endowment benefits, additional benefits in the event of death by accident, additional benefits to safeguard the contract from lapse, accelerated payments of part or all of the death benefit or a special surrender value upon (A) diagnosis of terminal illness defined as a life expectancy of twelve months or less, (B) diagnosis of a medical condi- tion requiring extraordinary medical care or treatment regardless of life expectancy, (C) certification by a licensed health care practition- er of any condition which requires continuous care for the remainder of the insured's life in an eligible facility or at home when the insured is chronically ill as defined by Section 7702(B) of the Internal Revenue Code and regulations thereunder, provided the accelerated payments qual- ify under Section 101(g)(3) of the Internal Revenue Code and all other EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2013-S6672A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8957
- Law Section:
- Insurance Law
- Laws Affected:
- Add §342, amd §§1113, 3201 & 3230, Ins L
2013-S6672A (ACTIVE) - Summary
Directs the department of financial assistance to establish a public awareness program on the availability of long term health care insurance, the financing thereof and the provision of tax credits for premiums paid therefor; accelerates payment of death benefits and special surrender values upon receipt of the insured of end of life or palliative care.
2013-S6672A (ACTIVE) - Sponsor Memo
BILL NUMBER:S6672A TITLE OF BILL: An act to amend the insurance law, in relation to establishing a public awareness program on the availability of long term health care insurance and the tax credits therefor, and accelerating payment of death benefits or a special surrender value pursuant to a life insurance policy upon receipt of end of life or palliative care PURPOSE OR GENERAL IDEA OF BILL: The purpose of this bill is to expand upon the provisions of Chapter 563 of the Laws of 2010, which expanded the types of end of life care that can be financed by an accelerated death benefit rider attached to a life insurance policy to include persons who have resided in a nursing home for three months or more. This bill expands such end of life care that can be financed by a life insurance accelerated death benefit to include end of life care provided for by a long term home health care provider, hospice or adult day care services or palliative care. Such long term care would need to have been provided for at least three months or more, with the expectation that such beneficiary will continue to require such services until death. SUMMARY OF SPECIFIC PROVISIONS: Section 1: Adds Insurance Law section 342 to allow for the
2013-S6672A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6672--A I N S E N A T E February 26, 2014 ___________ Introduced by Sen. KLEIN -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- reported favorably from said committee and committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law, in relation to establishing a public awareness program on the availability of long term health care insur- ance and the tax credits therefor, and accelerating payment of death benefits or a special surrender value pursuant to a life insurance policy upon receipt of end of life or palliative care THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The insurance law is amended by adding a new section 342 to read as follows: S 342. PUBLIC AWARENESS TO FINANCE LONG TERM CARE. THE DEPARTMENT, DEPARTMENT OF HEALTH, OFFICE FOR THE AGING AND DEPARTMENT OF TAXATION AND FINANCE MAY JOINTLY ESTABLISH AND CONDUCT A PUBLIC AWARENESS PROGRAM ON THE AVAILABILITY AND COVERAGE PROVIDED BY LIFE INSURANCE AND HEALTH INSURANCE PLANS FOR LONG TERM CARE, AND THE PROVISIONS OF VARIOUS TAX CREDITS THEREFOR. S 2. Paragraph 1 of subsection (a) of section 1113 of the insurance law, as amended by chapter 563 of the laws of 2010, is amended to read as follows: (1) "Life Insurance," means every insurance upon the lives of human beings, and every insurance appertaining thereto, including the granting of endowment benefits, additional benefits in the event of death by accident, additional benefits to safeguard the contract from lapse, accelerated payments of part or all of the death benefit or a special surrender value upon (A) diagnosis of terminal illness defined as a life expectancy of twelve months or less, (B) diagnosis of a medical condi- tion requiring extraordinary medical care or treatment regardless of life expectancy, (C) certification by a licensed health care practition- er of any condition which requires continuous care for the remainder of the insured's life in an eligible facility or at home when the insured EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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