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Senate Bill No. 71

Public Act No. 03-78

AN ACT CONCERNING MEDICAL SAVINGS ACCOUNTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (f) of section 38a-493 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2003):

(f) Home health care benefits may be subject to an annual deductible of not more than fifty dollars for each person covered under a policy and may be subject to a coinsurance provision which provides for coverage of not less than seventy-five per cent of the reasonable charges for such services. Such policy may also contain reasonable limitations and exclusions applicable to home health care coverage. A "high deductible health plan", as defined in Section 220(c)(2) of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as from time to time amended, used to establish a "medical savings account" pursuant to Section 220 of said Internal Revenue Code, shall not be subject to the deductible limits set forth in this subsection.

Sec. 2. Subsection (f) of section 38a-520 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2003):

(f) Home health care benefits may be subject to an annual deductible of not more than fifty dollars for each person covered under a policy and may be subject to a coinsurance provision which provides for coverage of not less than seventy-five per cent of the reasonable charges for such services. Such policy may also contain reasonable limitations and exclusions applicable to home health care coverage. A "high deductible health plan", as defined in Section 220(c)(2) of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as from time to time amended, used to establish a "medical savings account" pursuant to Section 220 of said Internal Revenue Code, shall not be subject to the deductible limits set forth in this subsection.

Approved June 3, 2003