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This entry was published on 2021-11-19
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SECTION 1124*2
Managed care health savings account
Insurance (ISC) CHAPTER 28, ARTICLE 11
* § 1124. Managed care health savings account. (a) A health
maintenance organization certified pursuant to article forty-four of the
public health law may offer a group high deductible health plan, as
defined in paragraph two of subsection c of section two hundred
twenty-three of the internal revenue code in conjunction with a health
reimbursement account or a health savings account established pursuant
to federal tax law, when:

(1) The employer group purchasing the high deductible plan is a
municipality, and

(2) The employer is obligated to contribute, pursuant to a collective
bargaining agreement or other binding arrangement with its employees, an
amount at least equal to the deductible required under the plan on
behalf of each enrolled employee.

(b) A high deductible health plan offered pursuant to subsection (a)
of this section, which otherwise meets the requirements of article
forty-four of the public health law, shall be deemed to provide
comprehensive health services and shall not be disapproved due to its
cost share arrangement.

(c) A municipality for purposes of this section means a town.

(d) A health maintenance organization offering the high deductible
health plan pursuant to this section shall report to the superintendent
and commissioner of health the number of covered lives under the high
deductible health plan offered pursuant to this section compared to
similar non-high deductible health plans, the premiums of the high
deductible health plan offered pursuant to this section compared to
similar non-high deductible health plans, the claims experience under
the high deductible health plan offered pursuant to this section
compared to similar non-high deductible health plans, and any other
pertinent information that may be required by the superintendent or the
commissioner of health prior to April first, two thousand fourteen.

(e) The provisions of this section shall only apply to coverage
offered pursuant to a collective bargaining agreement entered into prior
to the effective date of this section.

* NB Repealed December 31, 2024

* NB There are 2 § 1124's