MA H1352

Massachusetts residents over age 65 with adjusted gross household income of $50,000 or less annually qualify for prescription drug rebates covering all out-of-pocket expenses, including insurance co-pays

Maximum rebate capped at $2,500 per individual per year, funded from the General Fund

All prescription drugs as defined under Chapter 94C of the General Laws are eligible for reimbursement

Commissioner must submit annual impact reports to the Committees of Ways & Means and Joint Committee on Health Care Financing, beginning one year after program launch

Program automatically expires after four years unless reauthorized by the legislature