Limits out-of-pocket expenses for health insurance deductibles and copayments for Massachusetts employees and retirees.

This bill aims to limit out-of-pocket expenses for health insurance deductibles and copayments for active and retired employees, their dependents, and survivors of deceased employees in Massachusetts. It sets maximum limits of $2,500 for individual coverage and $5,000 for family coverage. The bill also ensures that these limits do not exceed those offered by the commission for non-Medicare and Medicare plans with the largest subscriber enrollment. Any excess premium payments will remain in the trust fund for future use.

Limits out-of-pocket expenses for health insurance deductibles and copayments for Massachusetts employees and retirees.

This bill aims to limit out-of-pocket expenses for health insurance deductibles and copayments for active and retired employees, their dependents, and survivors of deceased employees in Massachusetts. It sets maximum limits of $2,500 for individual coverage and $5,000 for family coverage. The bill also ensures that these limits do not exceed those offered by the commission for non-Medicare and Medicare plans with the largest subscriber enrollment. Any excess premium payments will remain in the trust fund for future use.