Offer of plans to plan sponsors
IndianaStatutes
Ask Donna
How this section applies to your facts.
Indiana Code › Title 27 › Article 1 › Chapter 50 › Section 27-1-50-9
Text
Sec. 9. (a) At the time of contracting, an insurer shall only offer to plan sponsors the following plans:
(1) A plan that applies one hundred percent (100%) of the rebates to reduce premiums for all covered individuals equally.
(2) A plan that calculates defined cost sharing for covered individuals of the plan sponsor at the point of sale based on a price that is reduced by an amount equal to at least eighty-five percent (85%) of all of the rebates received or estimated to be received by the insurer concerning the dispensing or administration of the prescription drug.
(b) A plan sponsor may choose one (1) of the plans offered under subsection (a).
As added by P.L.166-2023, SEC.3. Amended by P.L.158-2024, SEC.15.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.