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| | SB1559 Engrossed | - 2 - | LRB103 29878 BMS 56288 b |
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1 | | significant health consequences.
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2 | | Section 10. Insulin discount program.
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3 | | (a) The Department shall offer a discount program that
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4 | | allows participants to purchase insulin at a discounted,
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5 | | post-rebate price. |
6 | | (b) The discount program shall: |
7 | | (1) provide a participant with a card or electronic
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8 | | document that identifies the participant as eligible for
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9 | | the discount; |
10 | | (2) provide a participant with information about
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11 | | pharmacies that will honor the discount; |
12 | | (3) allow a participant to purchase insulin at a
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13 | | discounted, post-rebate price; and |
14 | | (4) provide a participant with instructions to pursue
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15 | | a reimbursement of the purchase price from the
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16 | | participant's health insurer.
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17 | | (c) The discount program shall charge a price for insulin
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18 | | that allows the program to retain only enough of any rebate for
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19 | | the insulin to make the State risk pool whole for providing
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20 | | discounted insulin to participants. |
21 | | Section 90. The Illinois Insurance Code is amended by |
22 | | changing Section 356z.41 as follows: |
23 | | (215 ILCS 5/356z.41) |
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1 | | Sec. 356z.41. Cost sharing in prescription insulin drugs; |
2 | | limits; confidentiality of rebate information. |
3 | | (a) As used in this Section, "prescription insulin drug" |
4 | | means a prescription drug that contains insulin and is used to |
5 | | control blood glucose levels to treat diabetes but does not |
6 | | include an insulin drug that is
administered to a patient |
7 | | intravenously. |
8 | | (b) This Section applies to a group or individual policy |
9 | | of accident and health insurance amended, delivered, issued, |
10 | | or renewed on or after the effective date of this amendatory |
11 | | Act of the 101st General Assembly. |
12 | | (c) An insurer that provides coverage for prescription |
13 | | insulin drugs pursuant to the terms of a health coverage plan |
14 | | the insurer offers shall limit the total amount that an |
15 | | insured is required to pay for a 30-day supply of covered |
16 | | prescription insulin drugs at an amount not to exceed $35 |
17 | | $100 , regardless of the quantity or type of covered |
18 | | prescription insulin drug used to fill the insured's |
19 | | prescription. |
20 | | (d) Nothing in this Section prevents an insurer from |
21 | | reducing an insured's cost sharing by an amount greater than |
22 | | the amount specified in subsection (c). |
23 | | (e) The Director may use any of the Director's enforcement |
24 | | powers to obtain an insurer's compliance with this Section. |
25 | | (f) The Department may adopt rules as necessary to |
26 | | implement and administer this Section and to align it with |
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1 | | federal requirements. |
2 | | (g) On January 1 of each year, the limit on the amount that |
3 | | an insured is required to pay for a 30-day supply of a covered |
4 | | prescription insulin drug shall increase by a percentage equal |
5 | | to the percentage change from the preceding year in the |
6 | | medical care component of the Consumer Price Index of the |
7 | | Bureau of Labor Statistics of the United States Department of |
8 | | Labor.
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9 | | (Source: P.A. 101-625, eff. 1-1-21 .)
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10 | | Section 99. Effective date. This Act takes effect January |
11 | | 1, 2025. |