Recently, Gov. Huckabee Sanders signed several healthcare bills into law.
Act 333 (previously HB 1481) requires that prescription drug rebates be shared with enrollees. Specifically, under Act 333, an enrollee’s cost-sharing for a prescription drug at the point of sale must be based on a price that is reduced by all rebates received, or to be received, in connection with the dispensing or administration of the drug. Act 333 is directed at both insurers and pharmacy benefit managers and requires pharmacy benefit managers to submit an annual attestation of compliance to the state’s Insurance Commissioner.
Act 480 (previously HB 1261) requires that on and after January 1, 2024, a healthcare insurer that offers, issues, or renews a health benefit plan in the state must provide coverage:
The coverage applies if the initiation of the ambulance service treatment is because of a 911 call and is subject to health benefit plan deductibles or copayments, among other requirements.
Group health plan sponsors may want to be aware of these new laws and should contact their carrier or pharmacy benefit manager, as applicable, for further information.
HB 1481 » HB 1261 »
PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.
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