Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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Jan 17, 2023 |
referred to insurance delivered to assembly passed senate ordered to third reading cal.73 reported and committed to rules |
Jan 04, 2023 |
referred to insurance |
Senate Bill S504
2023-2024 Legislative Session
Sponsored By
(D, WF) 33rd Senate District
Current Bill Status - In Assembly Committee
- 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
co-Sponsors
(D) 15th Senate District
(D) 16th Senate District
(D, WF) 4th Senate District
2023-S504 (ACTIVE) - Details
2023-S504 (ACTIVE) - Sponsor Memo
BILL NUMBER: S504 SPONSOR: RIVERA TITLE OF BILL: An act to amend the insurance law, in relation to capping cost sharing for insulin PURPOSE: To reduce the cap on cost sharing for insulin from the current $100 per insulin prescription per month to $30 per month, in aggregate, for all insulin drugs. SUMMARY OF PROVISIONS: Sections 1 through 3 of the bill amend various sections of insurance law which were amended as part DDD of Chapter 56 of the laws of 2020, the adopted budget, to change the $100 limit on cost sharing for each insu- lin prescription to a $30 limit per month on cost sharing for all insu- lin prescriptions.
2023-S504 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 504 2023-2024 Regular Sessions I N S E N A T E January 4, 2023 ___________ Introduced by Sen. RIVERA -- 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 capping cost sharing for insulin THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (B) of paragraph 15-a of subsection (i) of section 3216 of the insurance law, as amended by section 1 of part DDD of chapter 56 of the laws of 2020, is amended to read as follows: (B) Such coverage may be subject to annual deductibles and coinsurance as may be deemed appropriate by the superintendent and as are consistent with those established for other benefits within a given policy; provided however, the total amount that [a covered person] AN INSURED is required to pay out of pocket for covered prescription insulin drugs shall be capped IN AGGREGATE, INCLUDING SITUATIONS WHERE THE INSURED IS PRESCRIBED MORE THAN ONE INSULIN DRUG, at an amount not to exceed [one hundred] THIRTY dollars per [thirty-day supply] CALENDAR MONTH, regard- less of the amount or type of insulin needed to fill such [covered person's] INSURED'S prescription and regardless of the insured's deduct- ible, copayment, coinsurance or any other cost sharing requirement. § 2. Subparagraph (B) of paragraph 7 of subsection (k) of section 3221 of the insurance law, as amended by section 2 of part DDD of chapter 56 of the laws of 2020, is amended to read as follows: (B) Such coverage may be subject to annual deductibles and coinsurance as may be deemed appropriate by the superintendent and as are consistent with those established for other benefits within a given policy; provided however, the total amount that [a covered person] AN INSURED is required to pay out of pocket for covered prescription insulin drugs shall be capped IN AGGREGATE, INCLUDING SITUATIONS WHERE THE INSURED IS PRESCRIBED MORE THAN ONE INSULIN DRUG, at an amount not to exceed [one hundred] THIRTY dollars per [thirty-day supply] CALENDAR MONTH, regard- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02649-02-3
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