New Year Means New Laws in New York
Another consumer protection could do more than save some money, shoppers can save lives. Ian’s law prohibits insurers from dropping whole groups of policyholders as a pretext for cutting off coverage for expensive patients. The law is named after Ian Pearl, a 37-year-old Florida man who has muscular dystrophy and was dropped by his insurance company even though dependent on a ventilator to survive.
The law requires insurers to get permission from the State Insurance Department for an entire class of policyholders, and allow patients to rule on the consequences of losing their policies.
Compare the data that’s making so law is not the only new medical term, two new laws require insurance policies to include coverage for non-emergency, out-of-network dialysis and ensure that information on the affordability and accessibility of reconstructive surgery is available to breast cancer surgery patients. Medicare also has been expanded with a number of free preventive services, such as annual checkups to offer.
Mortgage lenders are now required to register with the Nationwide Mortgage Licensing System, so consumers can easily keep track of a lender of record. The new requirement applies to any loan officer of a federal chartered institution, including major banks that are give the best way to get new one.