|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to aging|
|Jan 09, 2013||referred to aging|
senate Bill S1298
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1298 - Details
S1298 - 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.
S1298 - Sponsor Memo
BILL NUMBER:S1298 TITLE OF BILL: An act to amend the elder law, in relation to limiting the cost-sharing responsibilities of eligible participants in the elderly pharmaceutical insurance coverage program PURPOSE OF THE BILL: Caps the out-of-pocket expenses (COPE) of an individual participant in either the Fee Plan or the Deductible Plan of the Elderly Pharmaceutical. Insurance Coverage Program (EPIC) at five percent (5%) of annual gross income. SUMMARY OF PROVISIONS: Section 247 of the elder law is amended to add new subdivision 5 to read: 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. JUSTIFICATION:
S1298 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1298 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ 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: 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. 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. LBD01913-02-3
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