N.Y. Law Affects Sole Proprietor Health Rates

NU Online News Service, Sept. 23, 1:09 p.m. – New York Gov. George Pataki, a Republican, has signed S. 7360, creating a new law that could make lower-cost health insurance available to the state’s sole proprietors.

Pataki signed the bill at the Business Council of the State of New York’s 2002 annual meeting.

The bill, originally introduced in the state Assembly by Assemblyman Joseph D. Morelle, D-Irondequoit, N.Y., creates a new premium rate for sole proprietors that could be significantly lower than the individual rates they were previously paying.