summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to regulating separate out-of-pocket insurance limits for prescription drugs, including specialty drugs. Financial Services.
AI Summary
This bill requires insurance policies, contracts, agreements, and certificates that provide prescription drug coverage to establish a separate out-of-pocket limit for prescription drugs, including specialty drugs. The out-of-pocket limit cannot exceed the minimum annual deductible for a high-deductible health plan under the Internal Revenue Code. The term "out-of-pocket limit" includes cost-sharing expenses related to prescription drug coverage under the Patient Protection and Affordable Care Act. This requirement applies to all relevant policies, contracts, and certificates delivered, issued, or renewed on or after January 1, 2015.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H513 |
| Bill | https://malegislature.gov/Bills/190/H513.pdf |
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