Section 16A: Disapproval of certain health maintenance contracts based on high deductibles
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/ma/part-i/title-xxii/chapter-176g/16a·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 16A. 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.