Bill > S08457

This bill amends New York state insurance law to redefine the definition of "small group" for health insurance policies and contracts from groups covering up to 100 employees to groups covering up to 50 employees or fewer. The bill removes previous provisions that allowed for special treatment of groups with 51-100 employees during a transitional period from 2015-2016. It also eliminates provisions that previously permitted stop loss, catastrophic, and reinsurance coverage for certain small groups between 51-100 employees. Additionally, the bill repeals a previous requirement that the superintendent of financial services conduct an independent assessment of the impact of prohibiting stop loss and other coverage in the small group market. These changes effectively standardize insurance regulations for smaller employers, restricting the definition of "small group" to businesses with 50 or fewer employees and removing previous exceptions that allowed more flexibility for slightly larger groups. The bill will take effect immediately, with some technical provisions about the expiration of certain amended paragraphs.

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https://www.nysenate.gov/legislation/bills/2025/S8457