New York To Offer HSAs With Health Insurance Program For Low-Income Residents
New York's Healthy NY program, which offers subsidized health insurance for low-income workers, in 2007 will offer high-deductible health plans designed to be used with health savings accounts, the Syracuse Post-Standard reports. Healthy NY provides basic health insurance to state residents with annual incomes of up to $25,125 for an individual or $49,875 for a family of four. The New York Insurance Department said the new plan will reduce premium costs by as much as 25% for some workers and will have deductibles of $1,150 for individuals and $2,300 for families. Monthly premiums have not yet been determined, according to department spokesperson Any Mais. Health NY also will be expanded next year to provide coverage for prostate screenings, home health care, and physical therapy after hospitalization or surgery. To be eligible, applicants must be employed or have been employed within the last year (Mulder, Syracuse Post-Standard, 11/1).
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