Bill Text: NY A02121 | 2011-2012 | General Assembly | Introduced
Bill Title: 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.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2012-01-04 - referred to aging [A02121 Detail]
Download: New_York-2011-A02121-Introduced.html
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: 1 Section 1. Section 247 of the elder law is amended by adding a new 2 subdivision 5 to read as follows: 3 5. COST-SHARING RESPONSIBILITIES LIMIT. AT NO TIME DURING A COVERAGE 4 PERIOD SHALL THE COST-SHARING RESPONSIBILITIES, WHICH ARE COMPRISED OF 5 THE SUM OF THE ANNUAL REGISTRATION FEE AND CO-PAYMENTS, EXCEED FIVE 6 PERCENT OF THE ELIGIBLE PROGRAM PARTICIPANT'S GROSS INCOME, EFFECTIVE 7 IMMEDIATELY. 8 S 2. Section 248 of the elder law is amended by adding a new subdivi- 9 sion 5 to read as follows: 10 5. COST-SHARING RESPONSIBILITIES LIMIT. AT NO TIME DURING A COVERAGE 11 PERIOD SHALL THE COST-SHARING RESPONSIBILITIES, WHICH ARE COMPRISED OF 12 THE SUM OF THE ANNUAL DEDUCTIBLE AND CO-PAYMENTS, EXCEED FIVE PERCENT OF 13 THE ELIGIBLE PROGRAM PARTICIPANT'S GROSS INCOME, EFFECTIVE IMMEDIATELY. 14 S 3. This act shall take effect on the one hundred twentieth day next 15 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