New York Statutes

§ 1124*2 — Managed care health savings account

New York·Law ISC Insurance·Art. 11 Licensing of Insurers

* § 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

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