An Act limiting out of pocket expenses

This bill limits the maximum out-of-pocket costs for health insurance deductibles and copayments to $2,500 for individual coverage and $5,000 for family coverage. It specifically applies to active and retired employees, their dependents, and survivors of deceased employees, including those covered by municipal plans. The legislation also requires public authorities to ensure their plan designs do not exceed these limits and directs any unused premium funds to help pay for costs that go beyond the new caps.