Establishes an individual Medicare marketplace option for eligible retired employees and dependents.
The bill amends the General Laws to allow eligible retired employees and their Medicare-eligible dependents to enter into a health insurance plan purchased on the individual Medicare marketplace. It modifies the minimum annual funding for health reimbursement arrangements by adding a percentage of the lowest cost Medicare Supplement 1 plan and the weighted average Part D premium. This change replaces the existing premium cost-sharing arrangement.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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