Indiana § 27-1-50-9 Offer of plans to plan sponsors

Indiana Statutes

§ 27-1-50-9 — Offer of plans to plan sponsors

Indiana·Title 27 INSURANCE·Art. 1 DEPARTMENT OF INSURANCE·Ch. 50 Group Prescription Drug Rebates

(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).

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(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).

Indiana § 27-1-50-9 (Offer of plans to plan sponsors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.