senate Bill S6672A

Signed By Governor
2013-2014 Legislative Session

Makes various provisions to provide public awareness of means of financing long term health care

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (15)
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
amend and recommit to finance
May 28, 2014 reported and committed to finance
Feb 26, 2014 referred to insurance

S6672 - Details

See Assembly Version of this Bill:
A8957A
Law Section:
Insurance Law
Laws Affected:
Add §342, amd §§1113, 3201 & 3230, Ins L

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.

S6672 - Sponsor Memo

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.

S6672A (ACTIVE) - Details

See Assembly Version of this Bill:
A8957A
Law Section:
Insurance Law
Laws Affected:
Add §342, amd §§1113, 3201 & 3230, Ins L

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.

S6672A (ACTIVE) - Sponsor Memo

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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