SBUH Reaches Agreement with MagnaCare to Include Health Exchange
STONY BROOK, N.Y., February 14, 2014 – Stony Brook University Hospital and MagnaCare have reached a provider services agreement effective February 15, 2014, resulting in in-network coverage for thousands of Long Islanders who are participating in health exchange plans.
Over the past several months, Stony Brook has been in active discussions with several healthcare exchange providers in an effort to reach an agreement that is both beneficial for patients and fiscally responsible for Stony Brook and the insurance carrier. This amended agreement will allow members of these Exchange plans to visit Stony Brook as part of their in-network coverage options.
“We are pleased to have been able to amend our existing agreement with MagnaCare to include in-network coverage for thousands of Long Islanders participating in the NY State of Health Plan Marketplace,” said L. Reuven Pasternak, MD, Chief Executive Officer, Stony Brook University Hospital, and Vice President for Health Systems, Stony Brook Medicine. “It supports New York State’s mission to offer affordable care to our patients in a manner that is consistent with Stony Brook’s core mission as the safety net provider for the area and source of specialized and unique care for populations at risk.”
"I am pleased that Stony Brook University Hospital has worked hard to resolve this issue," said Senator Kenneth P. LaValle, Chairman of the New York State Senate Higher Education Committee. “As the only State hospital in our region, it is imperative to ensure access to affordable, quality health care for our residents.”
EDITOR’S NOTE: For network and coverage questions, members should contact their insurance provider directly.