Bill Text: NY S03912 | 2019-2020 | General Assembly | Introduced

Bill Title: Limits the cost-sharing responsibilities of eligible participants in the elderly pharmaceutical insurance coverage program.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-02-21 - REFERRED TO AGING [S03912 Detail]

Download: New_York-2019-S03912-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                    February 21, 2019
        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:
     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    § 2.  This act shall take effect on the one hundred twentieth day next
     9  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.