This text of New York § 1124*2 (Managed care health savings account) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
* § 1124. Managed care health savings account.
(a)A health\nmaintenance organization certified pursuant to article forty-four of the\npublic health law may offer a group high deductible health plan, as\ndefined in paragraph two of subsection c of section two hundred\ntwenty-three of the internal revenue code in conjunction with a health\nreimbursement account or a health savings account established pursuant\nto federal tax law, when:\n (1) The employer group purchasing the high deductible plan is a\nmunicipality, and\n (2) The employer is obligated to contribute, pursuant to a collective\nbargaining agreement or other binding arrangement with its employees, an\namount at least equal to the deductible required under the plan on\nbehalf of each enrolled employee.\n (b) A high deductibl
Free access — add to your briefcase to read the full text and ask questions with AI
* § 1124. Managed care health savings account. (a) A health\nmaintenance organization certified pursuant to article forty-four of the\npublic health law may offer a group high deductible health plan, as\ndefined in paragraph two of subsection c of section two hundred\ntwenty-three of the internal revenue code in conjunction with a health\nreimbursement account or a health savings account established pursuant\nto federal tax law, when:\n (1) The employer group purchasing the high deductible plan is a\nmunicipality, and\n (2) The employer is obligated to contribute, pursuant to a collective\nbargaining agreement or other binding arrangement with its employees, an\namount at least equal to the deductible required under the plan on\nbehalf of each enrolled employee.\n (b) A high deductible health plan offered pursuant to subsection (a)\nof this section, which otherwise meets the requirements of article\nforty-four of the public health law, shall be deemed to provide\ncomprehensive health services and shall not be disapproved due to its\ncost share arrangement.\n (c) A municipality for purposes of this section means a town.\n (d) A health maintenance organization offering the high deductible\nhealth plan pursuant to this section shall report to the superintendent\nand commissioner of health the number of covered lives under the high\ndeductible health plan offered pursuant to this section compared to\nsimilar non-high deductible health plans, the premiums of the high\ndeductible health plan offered pursuant to this section compared to\nsimilar non-high deductible health plans, the claims experience under\nthe high deductible health plan offered pursuant to this section\ncompared to similar non-high deductible health plans, and any other\npertinent information that may be required by the superintendent or the\ncommissioner of health prior to April first, two thousand fourteen.\n (e) The provisions of this section shall only apply to coverage\noffered pursuant to a collective bargaining agreement entered into prior\nto the effective date of this section.\n * NB Repealed December 31, 2027\n * NB There are 2 § 1124's\n