summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to out-of-pocket expenses for prescription drug coverage. Financial Services.
AI Summary
This bill aims to limit out-of-pocket expenses for prescription drug coverage in Massachusetts. It requires health insurance carriers that sell plans outside the state's health insurance connector authority to apply the prescription drug cost-sharing requirements of the connector's Silver or Gold standard benefit designs to at least 50% of their plans in the individual, small group, and large group markets. This includes copayments, coinsurance, and deductibles. For high-deductible health plans, the requirements would apply after the minimum annual deductible is reached. The bill authorizes the Massachusetts Division of Insurance to promulgate regulations to implement and enforce these provisions.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see S2693 (on 02/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S654 |
| Bill | https://malegislature.gov/Bills/192/S654.pdf |
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