# 24-A M.R.S. § 4350-A: 24-A §4350-A. Responsibility to use compensation for benefit of covered persons

> Maine · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-A

## Section

- **Citation:** 24-A M.R.S. § 4350-A
- **Heading:** 24-A §4350-A. Responsibility to use compensation for benefit of covered persons
- **Jurisdiction:** Maine
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** ME Code / Title 24-A / Chapter 56-C / Section 4350-A

## Text

1. Compensation used to reduce point-of-sale costs, improve benefits or lower premiums. All compensation remitted by or on behalf of a pharmaceutical manufacturer, developer or labeler, directly or indirectly, to a carrier, or to a pharmacy benefits manager under contract with a carrier, related to its prescription drug benefits must be: A. Remitted directly to the covered person at the point of sale to reduce the out-of-pocket cost to the covered person associated with a particular prescription drug; or [PL 2019, c. 469, §8 (NEW); PL 2019, c. 469, §9 (AFF).] B. Remitted to, and retained by, the carrier. Compensation remitted to the carrier must be applied by the carrier in its plan design and in future plan years to offset the premium for covered persons. [PL 2019, c. 469, §8 (NEW); PL 2019, c. 469, §9 (AFF).] [PL 2019, c. 469, §8 (NEW); PL 2019, c. 469, §9 (AFF).]

2. Compliance. Beginning March 1, 2021 and annually thereafter, a carrier shall file with the superintendent a report in the manner and form determined by the superintendent demonstrating how the carrier has complied with this section. [PL 2019, c. 469, §8 (NEW); PL 2019, c. 469, §9 (AFF).]

## Nearby sections

- [24-A M.R.S. § 4347 24-A §4347. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4347.md)
- [24-A M.R.S. § 4348 24-A §4348. Licensure of pharmacy benefits managers](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4348.md)
- [24-A M.R.S. § 4348-A 24-A §4348-A. Use of untrue, deceptive or misleading advertisement prohibited](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4348-A.md)
- [24-A M.R.S. § 4349 24-A §4349. Oversight and contracting responsibilities](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4349.md)
- [24-A M.R.S. § 4349-A 24-A §4349-A. Discriminatory reimbursement of pharmacy providers prohibited](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4349-A.md)
- [24-A M.R.S. § 4349-B 24-A §4349-B. Plan sponsor access to claims data; right to audit (REALLOCATED FROM TITLE 24-A, SECTION 4349-A)](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4349-B.md)
- [24-A M.R.S. § 4350 24-A §4350. Prescription drug pricing; maximum allowable cost](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350.md)
- [24-A M.R.S. § 4350-A 24-A §4350-A. Responsibility to use compensation for benefit of covered persons](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-A.md)
- [24-A M.R.S. § 4350-B 24-A §4350-B. Prescription drug formularies; pharmacy and therapeutics committee](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-B.md)
- [24-A M.R.S. § 4350-C 24-A §4350-C. Access to records; audits](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-C.md)
- [24-A M.R.S. § 4350-D 24-A §4350-D. Treatment of pharmacy benefits manager compensation](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-D.md)
- [24-A M.R.S. § 4350-E 24-A §4350-E. Effective date](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-E.md)
- [24-A M.R.S. § 4350-F 24-A §4350-F. Spread pricing prohibition (WHOLE SECTION TEXT EFFECTIVE UNTIL 1/01/31) (WHOLE SECTION TEXT REPEALED 1/01/31)](https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-F.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_ME_T24-A_C56-C_S4350-A. Check the current official text before relying on it. Not legal advice.