Bill 119 s 864, also known as the "Health Insurance Cost-Sharing Assistance Act," aims to make changes to title XXVII of the Public Health Service Act in order to provide financial assistance for the cost-sharing requirements of health insurance plans. The bill seeks to help individuals who may struggle to afford the out-of-pocket costs associated with their health insurance plans.
Specifically, the bill proposes to offer financial assistance to individuals who qualify based on their income level. This assistance would help cover expenses such as deductibles, copayments, and coinsurance, making it easier for individuals to access necessary healthcare services without facing financial hardship.
In addition to providing financial assistance for cost-sharing requirements, the bill also includes provisions for other purposes related to improving access to healthcare and reducing financial barriers for individuals seeking medical treatment.
Overall, Bill 119 s 864 aims to address the financial challenges that many individuals face when it comes to affording the out-of-pocket costs associated with their health insurance plans. By providing financial assistance for cost-sharing requirements, the bill seeks to make healthcare more accessible and affordable for all individuals, regardless of their income level.