IN HB1405

Establishes a prescription drug assistance program for Indiana residents aged 65 and older who are not Medicaid recipients, administered by the Division of Aging and implemented beginning January 1, 2027

Requires a $30 annual enrollment fee and income-based deductibles: no deductible at 160% or below federal poverty level, $500 at 160-200% FPL, $850 at 200-240% FPL, and $850 plus income difference above 240% FPL

Sets copayments after deductibles are met at $5 for generic drugs and $15 for brand-name drugs, with participants limited to purchasing up to a 100-day supply per prescription

Creates the Prescription Drug Assistance Program for the Elderly Fund, funded through appropriations and drug manufacturer rebates modeled after Medicaid rebate agreements under 42 U.S.C. 1396r-8

Makes fraud in furnishing or purchasing prescription drugs under the program a Class A misdemeanor