WeVote
Log In

Bill

Bill

S 698

An Act relative to consumer deductibles

194th Legislature (2025-2026) Introduced by Brendan Crighton and 3 co-sponsors

Massachusetts bill regulates consumer insurance deductibles, potentially capping or restricting deductible amounts to reduce out-of-pocket costs for policyholders.

Hearing rescheduled to 04/29/2025 from 10:00 AM-01:00 PM in A-2 and Virtual Hearing updated to New End Time
0
WeVote Research Nonpartisan
Bill Summary · S 698

Legislative bill overview

S 698 proposes to regulate consumer deductibles in Massachusetts, though the specific provisions are not detailed in the provided legislative history. Based on the bill number and title, it likely addresses how deductibles are structured, disclosed, or capped in insurance or healthcare contexts. The bill has been referred to the Financial Services Committee and is scheduled for a hearing in late April 2025.

Why is this important

Deductible regulations directly affect consumer affordability and out-of-pocket costs for insurance coverage. Changes to deductible rules could impact both individual consumers and the insurance market by either making coverage more accessible or shifting costs between insurers and policyholders.

Potential points of contention

  • Insurance industry costs: Deductible caps or restrictions may increase insurer costs, potentially leading to higher premiums or reduced coverage availability
  • Coverage scope ambiguity: The bill's application remains unclear—whether it addresses health insurance, property/casualty insurance, or all deductible types will significantly affect stakeholder impact
  • Market competition effects: Standardizing or limiting deductible structures could reduce pricing flexibility and market competition among insurers

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.