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MI HB4345
Bill
Status
3/24/2021
Primary Sponsor
Andrew Beeler
Click for details
AI Summary
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Requires health insurers in Michigan to credit the cost difference when an insured purchases a covered prescription drug from an out-of-network pharmacy at a lower cost than in-network pharmacies.
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The cost savings must be applied toward the insured's out-of-pocket maximum and any cost sharing requirements under the health insurance policy.
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Applies to health insurance policies that provide prescription drug coverage and are delivered, issued for delivery, or renewed in Michigan.
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Amends the Insurance Code of 1956 by adding section 3406v.
Legislative Description
Insurance: health insurers; purchase of certain covered prescriptions from out-of-network providers; allow, and require insurers to provide credit under certain circumstances. Amends 1956 PA 218 (MCL 500.100 - 500.8302) by adding sec. 3406v.
Insurance: health insurers
Last Action
Referred To Committee On Health Policy And Human Services
3/25/2021