IN HB1331

Requires health insurance policies and HMO contracts covering prescription medications to use prorated daily cost sharing when medications are dispensed in quantities less than a 30-day supply if determined beneficial by the prescribing provider or pharmacist.

Mandates coverage for medications dispensed in sub-30-day quantities when part of a plan to synchronize chronic medication refill schedules so all medications are refilled simultaneously.

Defines "synchronize" as a pharmacy dispensing process allowing medications to be dispensed in quantities under 30 days to coordinate an individual's refill schedule.

Requires dispensing fees to be based on the total number of medications in a transaction rather than being prorated based on quantity dispensed.

Effective July 1, 2015; applies to both individual and group health insurance policies issued in Indiana.