Relates to schedule rating plans reflecting individual risk characteristics of an employer.
Impact
If enacted, A09369 is expected to adjust the way insurance premiums are calculated for employers, potentially benefiting those with lower risk profiles by allowing them to be rewarded with lower premium rates. This change could also foster a culture of safety within workplaces as employers may be encouraged to implement better safety measures and risk management strategies in order to qualify for more favorable rates. However, businesses with higher risk factors may face increased costs, which could be a point of contention among various stakeholders.
Summary
Bill A09369 seeks to amend the insurance law in New York by introducing a schedule rating plan that reflects the individual risk characteristics of an employer. This bill allows insurers to make modifications to the premium rates based on the specific risk profile of the employer, which can be influenced by various factors such as safety records, loss history, and operational practices. The modifications would be capped at a maximum of plus or minus twenty-five percent from the base rate, enabling a more personalized approach to risk assessment in insurance rates.
Contention
The introduction of schedule rating plans may face opposition from critics who argue that it could lead to increased rates for higher-risk employers, thereby placing an additional financial burden on certain sectors. Concerns may also arise regarding the fairness and transparency of the criteria used for determining individual risk characteristics. Furthermore, existing regulations under workers' compensation laws would continue to apply, meaning that any rating modifications introduced by A09369 would need to be carefully integrated into the current insurance framework to ensure compliance and avoid unintended consequences.
Establishes the schedules that work act to provide for a timely, good faith interactive process between employees and employers that includes a discussion of potential schedule changes to meet an employee's needs.
Relates to providing more predictable and stable schedules for employees in low-wage occupations; provides that an employer shall pay an employee for at least 4 hours at the basic minimum hourly wage for each day an employee reports for work as instructed but is given less than four hours of work.
Adds home care visits to existing provisions of law prohibiting health care employers from requiring a nurse to work more than such nurse's regularly scheduled work hours, including regularly scheduled home care visits.
Adds home care visits to existing provisions of law prohibiting health care employers from requiring a nurse to work more than such nurse's regularly scheduled work hours, including regularly scheduled home care visits.
Establishes a task force to study how to incentivize individuals in the state of New York to become pilots; looks at retirement trends, the effect of high-stress scheduling, and the cost among other things.
Requires rates paid for rehabilitation and opioid treatment be pursuant to certain fee schedules published by the office of addiction services and supports.