Bill > S814

This bill proposes to modify an existing health insurance law by requiring insurance providers to give patients at least 60 days' advance notice before implementing any changes that would increase out-of-pocket medical expenses. Specifically, the bill amends Section 6 of Chapter 176O, mandating that patients receive written notification at least 60 days prior to any increase in costs related to prescription drugs, medical supplies, treatments, or other medical services. The purpose of this legislation appears to be protecting patients by providing them with sufficient time to understand potential financial impacts, explore alternative treatment options, or make necessary financial preparations before experiencing higher healthcare expenses. By requiring a 60-day notice period, the bill aims to enhance transparency in health insurance coverage and give patients more control and predictability over their medical costs.

Business and Industry, Health and Social Services

https://malegislature.gov/Bills/194/S814