An Act relative to an individual Medicare marketplace option

This bill (HD 3446) allows eligible retired state employees and their Medicare-eligible dependents to enroll in health insurance plans purchased through the individual Medicare marketplace. It requires health reimbursement arrangements (HRAs) for these retirees to cover the costs of the lowest-cost Medicare Supplement Plan 1 and Part D prescription drug coverage in Massachusetts. The bill mandates that HRAs provide minimum annual funding equal to 50% of the sum of these two costs (based on annual rates set by the state). This change directly affects retired state employees and their Medicare-eligible family members who previously had limited options for supplemental coverage.