New York S04719 allows municipalities to join county self-funded or self-insured health plans with county and governing body consent, requiring.

New York S04719 authorizes municipalities to join county self-funded or self-insured health plans, provided they obtain consent from the county and the municipality's governing body. The bill mandates that an actuary approved by the superintendent of financial services certify that the health plan meets specific criteria, including maintaining a reserve fund, having a specific stop loss per individual claim, and covering a minimum of 1,000 lives. The superintendent can reject the certification within a year if the proposal does not meet the requirements.

New York S04719 allows municipalities to join county self-funded or self-insured health plans with county and governing body consent, requiring.

New York S04719 authorizes municipalities to join county self-funded or self-insured health plans, provided they obtain consent from the county and the municipality's governing body. The bill mandates that an actuary approved by the superintendent of financial services certify that the health plan meets specific criteria, including maintaining a reserve fund, having a specific stop loss per individual claim, and covering a minimum of 1,000 lives. The superintendent can reject the certification within a year if the proposal does not meet the requirements.