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Assembly Bill A2121

2011-2012 Legislative Session

Limits cost-sharing responsibilities of participants in the elderly pharmaceutical insurance coverage program

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Archive: Last Bill Status - In Assembly Committee

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2011-A2121 (ACTIVE) - Details

Current Committee:
Assembly Aging
Law Section:
Elder Law
Laws Affected:
Amd ยงยง247 & 248, Eld L
Versions Introduced in 2009-2010 Legislative Session:
A6066

2011-A2121 (ACTIVE) - Summary

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.

2011-A2121 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  2121

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                            January 13, 2011
                               ___________

Introduced by M. of A. MILLMAN, PHEFFER -- read once and referred 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:

  Section 1. Section 247 of the elder law is amended  by  adding  a  new
subdivision 5 to read as follows:
  5.  COST-SHARING  RESPONSIBILITIES LIMIT. AT NO TIME DURING A COVERAGE
PERIOD SHALL THE COST-SHARING RESPONSIBILITIES, WHICH ARE  COMPRISED  OF
THE  SUM  OF  THE  ANNUAL  REGISTRATION FEE AND CO-PAYMENTS, EXCEED FIVE
PERCENT OF THE ELIGIBLE PROGRAM PARTICIPANT'S  GROSS  INCOME,  EFFECTIVE
IMMEDIATELY.
  S  2. Section 248 of the elder law is amended by adding a new subdivi-
sion 5 to read as follows:
  5. COST-SHARING RESPONSIBILITIES LIMIT. AT NO TIME DURING  A  COVERAGE
PERIOD  SHALL  THE COST-SHARING RESPONSIBILITIES, WHICH ARE COMPRISED OF
THE SUM OF THE ANNUAL DEDUCTIBLE AND CO-PAYMENTS, EXCEED FIVE PERCENT OF
THE ELIGIBLE PROGRAM PARTICIPANT'S GROSS INCOME, EFFECTIVE IMMEDIATELY.
  S 3. This act shall take effect on the one hundred twentieth day  next
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.
                                                           LBD04946-01-1

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