Relating to placing a cap on insurance copays

HB 4724 caps annual out-of-pocket costs for specific therapy services at $500 per year for West Virginia residents diagnosed with a terminal illness (an incurable condition likely leading to death). It applies to licensed occupational, speech-language, and physical therapy services, requiring insurers to limit copays for these services to no more than the amount charged for primary care physician visits or $500 annually - whichever is lower. The cap applies to all covered therapy services until the patient's death, as defined in the bill. This policy directly affects terminally ill patients who rely on these therapies, ensuring their out-of-pocket costs do not exceed the specified annual limit.