summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to regulating separate out-of-pocket insurance limits for prescription drugs, including specialty drugs. Financial Services.
AI Summary
This bill requires health insurance policies, contracts, and certificates in Massachusetts that provide prescription drug coverage to establish a separate out-of-pocket limit for prescription drugs, including specialty drugs. The out-of-pocket limit cannot exceed the minimum annual deductible for a high-deductible health plan under the federal Internal Revenue Code. This provision applies to policies, contracts, and certificates delivered, issued, or renewed on or after January 1, 2023.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4691 (on 05/30/2024)
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/193/H988 |
| BillText | https://malegislature.gov/Bills/193/H988.pdf |
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