June 12, 2018
On March 29, 2018, Gov. Colyer signed SB 351 into law, enacting the Pharmacy Patients Fair Practices Act. This Act requires that copayments on prescription drugs not exceed the total charges submitted by the network pharmacy. Additionally, pharmacists and pharmacies have the right to provide individuals covered under the plan with information on the amount of the cost share of the prescription and information on more affordable alternatives, if available. The law doesn’t apply to polices that provide coverage for limited benefits, such as specified disease, accident-only, credit, dental, disability income, hospital indemnity or long-term care insurance coverage.
The law is effective for contracts entered into or renewed on or after Jan. 1, 2019. Although this law doesn’t directly affect employer plan sponsors, they should be aware of plan participants’ rights under this law.
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