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MA S1997

MA S1997
Relative to group insurance costs for certain public retirees


summary

Introduced
04/02/2015
In Committee
07/02/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to group insurance costs for certain public retirees. Public Service.

AI Summary

This bill mandates that the Commonwealth of Massachusetts deposit any federal subsidies received from the retiree drug subsidy program, established by the Medicare Prescription Drug, Improvement and Modernization Act of 2003 (often referred to as P.L. 108-173), into a dedicated account managed by a commission. This commission will then be authorized to use these funds to cover the portion of a retiree's healthcare deductibles and copayments that exceed $2,500 for an individual or $5,000 for a family, but do not exceed $5,000 for an individual or $10,000 for a family, thereby providing financial relief for certain out-of-pocket medical expenses for public retirees.

Committee Categories

Labor and Employment

Sponsors (2)

Last Action

Accompanied a new draft, see S2113 (on 01/25/2016)

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