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IN SB0534
Bill
Status
1/14/2013
Primary Sponsor
Ronald Grooms
Click for details
AI Summary
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Limits monthly copayment or coinsurance for prescription drugs to no more than 1/12 of the maximum annual out-of-pocket costs established for qualified health plans under the Affordable Care Act
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Requires out-of-pocket costs for prescription drugs to count toward any annual out-of-pocket maximum under the health plan
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Applies to state employee health plans, accident and sickness insurance policies, and health maintenance organization contracts issued, amended, or renewed after June 30, 2013
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Exempts qualified health plans offered through ACA health insurance exchanges from these requirements
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Contains a sunset provision causing all sections to expire on July 1, 2015
Legislative Description
Prescription drug costs.
Last Action
First reading: referred to Committee on Health and Provider Services
1/14/2013