Health Benefit Plans - Calculation of Cost-Sharing Contribution - Requirements

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Now law

This is now an official law, recorded in the state's law books.

Stage 6 of 6Signature

1
Sponsors: 4
Votes: May 20 ’25
Last action

The governor signed it. Nothing left to watch.

Official text

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In plain words

AI summary

Written by AI from the bill text. Check the official text before relying on it.

Description

Requiring certain insurers, nonprofit health service plans, and health maintenance organizations to include certain discounts, financial assistance payments, product vouchers, and other out-of-pocket expenses made by or on behalf of an insured or enrollee when calculating certain cost-sharing contributions for certain prescription drugs; providing that a violation of the Act is considered a violation of the Consumer Protection Act; etc.

Subjects

Insurance AdministrationRevenue and Taxes -see also- (specific tax)Rules and RegulationsConsumer ProtectionHealth -see also- COVID19; EnvHlth; MedCon; etc.Nonprofit OrganizationsDrugs -see also- Cannabis; ControlDangSubst; Pharm; etc.Pharmacy Benefits ManagersHealth Maintenance Organizations -see also- Manage Care OrgsHealth - InsuranceNoticesSunsetMedical AssistanceHealth Insurance -see also- ACA; HMOs; MCOs

Progress

IntroducedJan 31, 2025
Sent to committeeFeb 6, 2025
Passed the first chamberMar 11, 2025
PassedMar 12, 2025
FailedApr 4, 2025
Passed both chambersApr 7, 2025
Became lawMay 20, 2025

From official state and federal legislative records. Informational only, not legal advice.