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MA S516

MA S516
Relative to out-of-pocket expenses for prescription drug coverage


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to out-of-pocket expenses for prescription drug coverage. Financial Services.

AI Summary

This bill requires health insurance carriers in Massachusetts to apply the prescription drug cost-sharing provisions of the Commonwealth health insurance connector authority's standard benefit design to all state-regulated plans, including non-standard plans sold through the connector and those sold outside of it. This includes copayments, coinsurance, and deductibles. The bill exempts catastrophic plans and high-deductible health plans until the minimum annual deductible is reached. The Massachusetts Division of Insurance is tasked with promulgating regulations to implement and enforce this law, which takes effect on January 1, 2018.

Committee Categories

Business and Industry

Sponsors (22)

Last Action

Accompanied a study order, see S2496 (on 04/30/2018)

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