Mass. Gen. Laws ch. 176G § 16A

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session
Section 176G:16A - Disapproval of certain health maintenance contracts based on high deductibles

The commissioner shall not disapprove a health maintenance contract: (i) if it complies with the requirements of 42 U.S.C. Sec. 18022(e); or (ii) on the basis that it includes a deductible that is consistent with the requirements for a high deductible plan as defined in section 223 of the Internal Revenue Code and implementing regulations or guidelines; provided, however, that the maximum deductible shall not be greater than the maximum annual contribution to a health savings account permitted under said section 223 of the Internal Revenue Code; and, provided further, that a deductible equal to the maximum annual contribution to a health savings account shall only be approved for products which include a health savings account permitted under said section 223 of the Internal Revenue Code.

Mass. Gen. Laws ch. 176G, § 16A

Amended by Acts 2012, c. 118,§ 26, eff. 6/19/2012.
Added by Acts 2006, c. 324,§ 41, eff. 10/26/2006.
Added by Acts 2006, c. 58,§ 60, eff. 4/12/2006.