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.
STATE OF NEW YORK
________________________________________________________________________
2121
2011-2012 Regular Sessions
IN ASSEMBLY
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 § 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 § 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
