An Act relative to health savings accounts
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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 clarifies the definition of a ‘health savings account-qualified health insurance policy’ as one that meets the criteria for a high-deductible health plan under federal law. It establishes an exemption from certain state cost-sharing requirements for these policies, allowing for greater flexibility in health savings account plans. The bill also includes a specific exception regarding preventive care coverage, ensuring that state laws regarding preventive services are not affected.
Key provisions
- Defines ‘health savings account-qualified health insurance policy’ based on federal high-deductible health plan criteria.
- Creates an exemption for these policies from state cost-sharing requirements.
- Excludes preventive care coverage from the exemption.
Who is affected
- Individuals with health savings accounts
- Health insurance companies
- Healthcare providers
Notable changes
- Expands the types of health insurance policies eligible for health savings accounts.
- Modifies state regulations regarding cost-sharing for these plans.
Bill text
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Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsor
Joint Committee on Financial Services
Cosponsor
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