Limits out of pocket health expenses for Massachusetts employees and retirees.

Massachusetts S745 sets a cap on out-of-pocket health expenses for employees, retirees, and their dependents. The bill limits individual coverage deductibles and copayments to $2,500 per year and family coverage to $5,000 per year. It also mandates that any excess premium payments by the Commonwealth or employees remain in a trust fund to cover out-of-pocket costs exceeding these limits or to reduce employees' share of annual premiums if needed.

Limits out of pocket health expenses for Massachusetts employees and retirees.

Massachusetts S745 sets a cap on out-of-pocket health expenses for employees, retirees, and their dependents. The bill limits individual coverage deductibles and copayments to $2,500 per year and family coverage to $5,000 per year. It also mandates that any excess premium payments by the Commonwealth or employees remain in a trust fund to cover out-of-pocket costs exceeding these limits or to reduce employees' share of annual premiums if needed.