Bill Summary
SB 1342 Insurer Disclosures on Prescription Drug Coverage (2025 Session)
Insurer Disclosures on Prescription Drug Coverage; Requiring individual and group health insurers to provide notice of prescription drug formulary changes within a certain timeframe to current and prospective insureds and the insureds’ treating physicians; requiring insurers to annually submit a specified report to the Office of Insurance Regulation by a specified date; requiring specified individual health insurers and their pharmacy benefit managers to apply payments for prescription drugs by or on behalf of insureds toward the total contributions of the insureds’ cost-sharing requirements under certain circumstances; requiring specified contracts to require pharmacy benefit managers to apply payments by or on behalf of insureds toward the insureds’ total contributions to cost-sharing requirements, etc. Effective Date: 7/1/2025
02/26/25
SENATE
Filed
03/06/25
SENATE
Referred to Banking and Insurance; Appropriations Committee on Agriculture, Environment, and General Government; Fiscal Policy
05/03/25
SENATE
Indefinitely postponed and withdrawn from consideration
06/16/25
SENATE
Died in Banking and Insurance
No amendments to this bill text filed.
409.967
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627.65715
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641.185
641.31
641.314
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