Bill
HB 2812
Overview: HB 2812 relates to placing a cap on insurance copays and has been referred to the House Finance committee.Purpose and Intent: The main purpose of this bill is to limit th
Overview: HB 2812 relates to placing a cap on insurance copays and has been referred to the House Finance committee.
Purpose and Intent: The main purpose of this bill is to limit the out-of-pocket costs that individuals must pay through insurance copays. The legislation aims to improve healthcare affordability and access by reducing financial barriers to accessing medical services.
Key Provisions:
- Establishes a maximum copay amount of $30 for any single medical service or prescription
- Prohibits insurance companies from setting copays above this $30 cap
- Requires insurers to adjust their plan designs and premium structures to accommodate the new copay limit
Affected Parties and Impacts: This bill would directly impact insured individuals by lowering their out-of-pocket costs for healthcare. It could also indirectly affect insurance providers, who may need to adjust their pricing and coverage models to comply with the new copay cap.
Procedural and Timeline Considerations: HB 2812 has been referred to the House Finance committee, where it will undergo further review and consideration. The committee will assess the bill's fiscal impact and determine whether to advance it for a full House vote.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.
