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October 30, 2023 – With support from the Self-Insurance Institute of America, Inc. (SIIA), New York Governor Kathy Hochul signed legislation this past week to extend grandfathering for small-group stop-loss contracts in the state for an additional three years. The passage of Assembly Bill A7083 is another recent advocacy victory for SIIA and coalition partners to protect important access to stop-loss insurance in New York State.
In 2015, the New York State Legislature passed a law to redefine groups of 51-100 as “small employers,” thus prohibiting small employers from obtaining stop-loss insurance. Without the important grandfathering clause, which SIIA strongly advocated in support of, hundreds of employers from 51-100 would have lost health coverage on January 1st, 2016.
Since that time, New York has created short-term grandfathering provisions for small-group plans. While the prior provisions extended small-group plans through 2024, this latest law extends the protections for grandfathered small-group stop-loss plans through 2027.
SIIA continues to lead advocacy activities for stop-loss insurance in New York, and in states across the country.
For more information on stop-loss regulation, or to learn more about SIIA’s state advocacy efforts, please contact Anthony M. Murrello at amurrello@siia.org.
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