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Introduction
The New York
State
Insurance
Department
released
circular
letter No.
22 on
September
30, 2009.
This
circular
letter
reiterates
the mandate
for all
insurers to
allow plan
sponsors the
option
to offer
coverage to
qualifying
young adults
through age
29 as
dependents
under family
coverage.
WHAT
THIS MEANS
TO YOU AS AN
EMPLOYER?
You may
request the
option to
increase the
maximum age
until which
a young
adult is
considered a
“dependent”
under the
policy or
contract.
Chapter 240
of the Laws
of 2009 took
effect
September 1,
2009, and
applies to
all
contracts
issued,
renewed,
modified,
altered or
amended on
or after
such date.
Please note,
you have the
option to
offer this
coverage but
you need not
request this
option. It
is not
mandated
that plan
sponsors
offer this
coverage.
WHAT SHOULD
I DO NEXT?
For more
information,
please
review
Circular
Letter No.
22.
http://www.ins.state.ny.us/circltr/2009/cl2009_22.htm
If you have
any
additional
questions
regarding
the
information
within this
eCommunication,
please call
Corporate
Synergies at
1.866.CSG.1719
or
CLICK HERE
to contact
us today. |
