An Act to increase health insurer reporting transparency
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
This bill aims to improve transparency from health insurance companies in Massachusetts. It requires insurers to provide more detailed information to consumers about their plans, including cost estimates, network coverage, and quality ratings. The goal is to help individuals make more informed decisions about their healthcare coverage. This legislation builds upon previous efforts to increase transparency in the health insurance market.
Key provisions
- Health insurers must provide clearer cost estimates for services.
- Insurers must disclose network coverage information more comprehensively.
- Requirements for reporting quality ratings of healthcare providers.
- Increased transparency regarding plan formularies (lists of covered drugs).
- Mandatory reporting of complaint resolution data.
- Requirements for providing information on out-of-network costs.
- Standardized format for presenting plan summaries.
Who is affected
- Consumers of health insurance in Massachusetts
- Health insurance companies operating in Massachusetts
- Healthcare providers in Massachusetts
Notable changes
- Requires standardized reporting formats for insurers.
- Expands the information available to consumers regarding plan details.
Bill text
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Sponsors
Official sponsors from legislative records.
4 on record
Primary sponsor
Cosponsors
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