BILL NUMBER: S8772
SPONSOR: BAILEY
 
TITLE OF BILL:
An act to amend the insurance law, in relation to high deductible health
plans and health savings accounts; and to amend a chapter of the laws of
2025 amending the insurance law relating to high deductible health plans
and health savings accounts, as proposed in legislative bills numbers S.
6895-A and A. 5367-A, in relation to the effectiveness thereof
 
PURPOSE:
This is a chapter amendment that makes changes to provisions of L.2025,
c.625, which clarifies that if the state adopts any cost-sharing
requirements that would prevent HSA-qualified plans from meeting federal
law 26 USC 223, the relevant requirement would only apply to HSA-quali-
fied plans after the federal required minimum deductible has been met.
 
SUMMARY OF PROVISIONS:
This legislation amends the underlying chapter by removing the exemption
for high-deductible health plans from cost-sharing limitations up to the
IRS minimum deductible. The effective date is also amended to 1/1/27.
 
JUSTIFICATION:
This legislation is a negotiated change to the underlying chapter.
 
LEGISLATIVE HISTORY:
Chapter amendment to Chapter 625 of the Laws of 2025. S.6895-A and
A.5367-A passed the Senate in June 2025 and Assembly in May 2025,
respectively.
 
FISCAL IMPLICATIONS:
None.
 
EFFECTIVE DATE:
This act shall take effect on the same date and in the same manner as a
chapter of the laws of 2025 amending the insurance law relating to high
deductible health plans and health savings accounts, as proposed in
legislative bills numbers S.6895-A and A.5367-A, takes effect.

Statutes affected:
S8772: 3216 insurance law, 3216(i) insurance law, 3221 insurance law, 3221(l) insurance law, 4303 insurance law, 4303(p) insurance law, 4303(tt) insurance law