| On December 22nd, Governor Cuomo signed legislation to extend for an additional five years the grandfathering of mid-sized groups with 51-100 employees that currently self-fund health benefits with stop loss coverage.
Due to changes made in the law to reflect the provisions of the Affordable Care Act, stop loss insurance was prohibited in New York in 2013. Fortunately, during the past two legislative sessions, the law was amended to create a “grandfather period” to allow for stop loss coverage to continue for certain, eligible self-funded, midsized groups.
Big I NY supported this bill because it will help ensure some continuity and certainty to those mid-size groups that self-insure and want to continue to do so.
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