New York A 9384: Establishes the New York health care savings act which authorizes the establishment of health care savings accounts to allow residents to save money for the payment of qualified health care related expenses

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A09384 Summary:

BILL NOA09384 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORJensen

&nbsp

COSPNSRBendett, Slater, Gallahan, Reilly, Angelino, Manktelow, Morinello, Gray, Tague, Blankenbush,
 Molitor, Chludzinski, Smullen

&nbsp

MLTSPNSR

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Add Art 48-A §§4850 - 4856, Pub Health L; amd §612, Tax L

&nbsp

Authorizes the establishment of New York health care savings accounts to allow residents of the state to save money for the payment of qualified health care related expenses; relates to the use, maintenance, and tax liability of such accounts.

Go to top A09384 Actions:

BILL NOA09384 

&nbsp

12/19/2025referred to health

01/07/2026referred to health

04/21/2026held for consideration in health

Go to topA09384 Committee&nbspVotes:

Committee:HEALTH Chair:Paulin 
DATE:04/21/2026AYE/NAY:17/6 Action: Held for Consideration PaulinAyeJensenNay

DinowitzAyeGandolfoNay

RosenthalAyeBlumencranzAbsent

HevesiAyeGrayNay

SteckAyeSlaterNay

BraunsteinAyeChludzinskiNay

Bichotte HermelAyeNorberExcused

SayeghAyeDursoNay

McDonaldAye

ReyesAye

Gonzalez-RojasAye

RajkumarAye

ForrestAye

KellesAye

LucasAye

MeeksExcused

LunsfordAye

CruzAye

Go to topA09384 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA09384 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9384

 2025-2026 Regular Sessions

 IN ASSEMBLY

 December 19, 2025
 ___________

 Introduced by M. of A. JENSEN -- read once and referred to the Committee
 on Health

 AN ACT to amend the public health law and the tax law, in relation to
 establishing New York health care savings accounts to expand and
 incentivize purchasing private health insurance

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Short title. This act shall be known and may be cited as
 2 the "New York health care savings act".
 3 § 2. The public health law is amended by adding a new article 48-A to
 4 read as follows:
 5 ARTICLE 48-A
 6 NEW YORK STATE HEALTH CARE SAVINGS PROGRAM
 7 Section 4850. Program established.
 8 4851. Purposes.
 9 4852. Definitions.
 10 4853. Functions of the comptroller and the corporation.
 11 4854. Powers of the comptroller.
 12 4855. Program requirements; New York state health care savings
 13 account.
 14 4856. Program limitations; New York state health care savings
 15 account.
 16 § 4850. Program established. There is hereby established the New York
 17 state health care savings program and such program shall be known and
 18 may be cited as the "New York state health care savings program".
 19 § 4851. Purposes. The purposes of the New York state health care
 20 savings program shall be to authorize the establishment of New York
 21 state health care savings accounts and to provide guidelines for the
 22 maintenance of such accounts.
 23 § 4852. Definitions. For the purposes of this article, the following
 24 terms shall have the following meanings:

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14135-01-5

 A. 9384 2

 1 1. "Account" or "New York health care savings account" shall mean an
 2 individual or family savings account established in accordance with the
 3 provisions of this article.
 4 2. "Account owner" shall mean a person who enters into a health care
 5 savings agreement pursuant to the provisions of this article, including
 6 a person who enters into such an agreement as a fiduciary or agent on
 7 behalf of a trust, estate, partnership, association, company or corpo-
 8 ration. The account owner may also be the designated beneficiary of the
 9 account.
 10 3. "Designated beneficiary" shall mean, with respect to an account or
 11 accounts, the individual designated as the individual whose health care
 12 expenses are expected to be paid from the account or accounts.
 13 4. "Financial organization" shall mean an organization authorized to
 14 do business in the state of New York and:
 15 (a) which is an authorized fiduciary to act as a trustee pursuant to
 16 the provisions of an act of congress entitled "Employee Retirement
 17 Income Security Act of 1974" as such provisions may be amended from time
 18 to time, or an insurance company;
 19 (b) (i) is licensed or c