New York A09507 amends insurance law to modify cost-sharing requirements for high deductible health plans and health savings accounts.

New York A09507 amends the insurance law to adjust cost-sharing requirements for high deductible health plans and health savings accounts. Specifically, it modifies the application of deductibles and coinsurance for certain prescription drugs, ensuring that preventive care is not subject to deductibles. The changes apply to plans issued or renewed after January 1, 2027, and ensure that third-party payments for prescription drugs are applied to cost-sharing requirements. The bill also addresses the eligibility of health savings accounts in relation to these cost-sharing requirements.

New York A09507 amends insurance law to modify cost-sharing requirements for high deductible health plans and health savings accounts.

New York A09507 amends the insurance law to adjust cost-sharing requirements for high deductible health plans and health savings accounts. Specifically, it modifies the application of deductibles and coinsurance for certain prescription drugs, ensuring that preventive care is not subject to deductibles. The changes apply to plans issued or renewed after January 1, 2027, and ensure that third-party payments for prescription drugs are applied to cost-sharing requirements. The bill also addresses the eligibility of health savings accounts in relation to these cost-sharing requirements.