Bill > H1185

This bill modifies Massachusetts state law to provide specific provisions for health savings accounts (HSAs) and high deductible health insurance policies. The bill defines a "health savings account-qualified health insurance policy" as a health insurance policy that meets federal criteria for high deductible health plans under federal tax code section 223. The legislation allows such policies to be exempt from certain state-mandated cost-sharing requirements if those exemptions are necessary to qualify as an HSA-compatible policy. Importantly, the bill clarifies that this exemption does not apply to preventive care coverage as defined by the U.S. Department of the Treasury's regulations. This change aims to make HSA-qualified health insurance policies more flexible and aligned with federal tax guidelines, potentially giving Massachusetts residents more options for health insurance that can be paired with tax-advantaged health savings accounts. The bill represents a technical adjustment to state insurance regulations to better accommodate federal HSA rules.

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https://malegislature.gov/Bills/194/H1185