Pharmacy Benefits

On March 16, 2017, Gov. McAuliffe signed HB 1450 into law. The new law provides health plan participants the freedom to choose a pharmacy from which to receive prescription benefits. If the insurer has a network of preferred providers and the pharmacy is not one of those preferred providers, the insurer must still pay benefits electronically and verify coverage if the pharmacy has agreed in writing to accept the preferred provider reimbursement rates.

The law is effective July 1, 2017.

HB 1450