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Bill > H898


MA H898

Relative to consumer deductibles


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to the cost of prescription drugs. Financial Services.

AI Summary

This bill amends Chapter 176O of the General Laws to require health insurance carriers to include any third-party payments, financial assistance, discounts, product vouchers, or other reductions in out-of-pocket expenses made on behalf of an insured individual when calculating the individual's overall contribution to any out-of-pocket maximum, deductible, copayment, coinsurance, or other cost-sharing requirement for prescription drugs. The bill also empowers the Commission to promulgate any necessary rules and regulations to implement this new requirement.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a study order, see H5160 (on 12/01/2020)

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