N.Y. Insurance Law § 1124*2: Managed care health savings account

* § 1124. Managed care health savings account. (a) A health

maintenance organization certified pursuant to article forty-four of the

public health law may offer a group high deductible health plan, as

defined in paragraph two of subsection c of section two hundred

twenty-three of the internal revenue code in conjunction with a health

reimbursement account or a health savings account established pursuant

to federal tax law, when:

(1) The employer group purchasing the high deductible plan is a

municipality, and

(2) The employer is obligated to contribute, pursuant to a collective

bargaining agreement or other binding arrangement with its employees, an

amount at least equal to the deductible required under the plan on

behalf of each enrolled employee.

(b) A high deductible health plan offered pursuant to subsection (a)

of this section, which otherwise meets the requirements of article

forty-four of the public health law, shall be deemed to provide

comprehensive health services and shall not be disapproved due to its

cost share arrangement.

(c) A municipality for purposes of this section means a town.

(d) A health maintenance organization offering the high deductible

health plan pursuant to this section shall report to the superintendent

and commissioner of health the number of covered lives under the high

deductible health plan offered pursuant to this section compared to

similar non-high deductible health plans, the premiums of the high

deductible health plan offered pursuant to this section compared to

similar non-high deductible health plans, the claims experience under

the high deductible health plan offered pursuant to this section

compared to similar non-high deductible health plans, and any other

pertinent information that may be required by the superintendent or the

commissioner of health prior to April first, two thousand fourteen.

(e) The provisions of this section shall only apply to coverage

offered pursuant to a collective bargaining agreement entered into prior

to the effective date of this section.

* NB Repealed December 31, 2027

* NB There are 2 § 1124's