S 885
An Act relative to premium impact statements
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill, S.885, requires health insurance companies in Massachusetts to provide premium impact statements to consumers. These statements would outline how changes to a consumer’s health coverage, such as a change in plan or a new dependent, will affect their monthly premiums. The goal is to increase transparency and help consumers understand the financial implications of their health insurance choices. The bill was referred to the Health Care Financing committee and subsequently heard.
Key provisions
- Health insurers must provide premium impact statements.
- Statements must detail how changes to coverage affect premiums.
- Changes in plan, dependents, or other coverage modifications trigger the statement requirement.
- The statements must be provided to consumers before changes are implemented.
- The bill was accompanied by a study order (S2931) regarding premium impact statements.
Who is affected
- Consumers of health insurance in Massachusetts
- Health insurance companies operating in Massachusetts
- The Health Care Financing Committee
Notable changes
- This bill introduces a new requirement for health insurers regarding premium transparency.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Joan B. Lovely
Cosponsor
Joan B. Lovely
Arguments in favor
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Bill S.885 194th (Current)
An Act relative to premium impact statements
By Ms. Lovely, a petition (accompanied by bill, Senate, No. 885) of Joan B. Lovely for legislation relative to premium impact statements. Health Care Financing.
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Bill Information
Bill Information
Presenter: Joan B. Lovely
Tabs
Bill History Petitioners Primary Sponsor Summary
Bill History
Displaying 4 actions for Bill S.885
| Date | Branch | Action |
| 2/27/2025 | Senate | Referred to the committee on Health Care Financing |
| 2/27/2025 | House | House concurred |
| 5/22/2025 | Joint | Hearing scheduled for 06/02/2025 from 11:00 AM-03:00 PM in Gardner Auditorium |
| 1/29/2026 | Senate | Accompanied a study order, see S2931 |
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