SB3735 Summary

• Requires insurers to apply third-party payments, financial assistance, discounts, patient vouchers, or other out-of-pocket expense reductions for prescription drugs toward the insured's deductible, copay, cost-sharing responsibility, or out-of-pocket maximum.

• Amends Section 370i of the Illinois Insurance Code regarding policies with incentives or limits on reimbursement.

• Takes effect January 1, 2021.