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A06470 Summary:

A06470 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)



 
BILL NUMBER: A6470
 
SPONSOR: Englebright

 
TITLE OF BILL:  An act to direct the department of financial services
to study, evaluate and make recommendations concerning the provision of
long term health care insurance coverage and claims settlement in the
state
 
 
PURPOSE OR GENERAL IDEA OF BILL:
 
The Insurance Department will examine, evaluate and make recommendations
with respect to the provisions, coverage and claims paid by insurance
companies authorized to issue long term health care insurance coverage
in New York State.
 
 
SUMMARY OF SPECIFIC PROVISIONS:
 

The department of insurance will submit a report to the superintendent
of insurance, governor and legislature. The report will detail their
findings, conclusions and suggested implementations.
 
 
JUSTIFICATION:
 
Today the Federal and State governments are pushing older people to
purchase long-term-care plans to help contain Medicaid and Medicare
costs and to keep individuals in their homes for as long as possible.
Recent reports (The New York Times and Business Weekly) indicate that
legitimate claims may not be being covered by insurance companies.  This
bill will require that the department of insurance to examine how these
policies are being implemented here in New York State.
 
 
PRIOR LEGISLATIVE HISTORY:
 
2013-14 A5814 referred to insurance
2009-10 A5380 referred to insurance
2007-08 A7515 referred to insurance
 
 
FISCAL IMPLICATIONS:
 
None.
 
 
EFFECTIVE DATE:
This act shall take effect immediately.