Bill > S798

This bill modifies existing Massachusetts law regarding health insurance incentives for small businesses by introducing two key provisions. First, the bill allows health insurance carriers to base annual rewards or incentives on increased administrative efficiencies and the use of cost transparency tools when offering health plans through cooperative purchasing groups. Second, the bill explicitly permits carriers to offer annual rewards or incentives to small groups specifically designed to promote job growth and job retention, with the amount of these rewards determined by the administrative cost differences related to group size. These rewards must be applied consistently and equally to all small group purchasers, and carriers must submit the details of such rewards to the state commissioner before payment. The bill aims to provide more flexibility for health insurance carriers in creating incentive programs that could help small businesses manage healthcare costs and potentially support employment growth.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/194/S798