Bill > A07426

This bill extends the deadline for fiscal intermediary services in New York's social services law, specifically changing the date when entities other than the statewide fiscal intermediary can provide such services from April 1, 2025 to July 1, 2025. Fiscal intermediary services typically involve managing financial transactions and administrative tasks for healthcare or social service programs. The bill requires that all subcontractors of the statewide fiscal intermediary must register with the department within 30 days of being selected, and mandates that when choosing subcontractors, the statewide fiscal intermediary must consider their compliance with federal and state laws, including marketing practices, labor practices, cost reporting, and electronic visit verification requirements. The legislation will take effect immediately and is retroactively applied to April 1, 2025, essentially providing a three-month extension for entities to continue providing these fiscal intermediary services.

Health and Social Services

https://www.nysenate.gov/legislation/bills/2025/A7426