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PA HB2676

PA HB2676
In casualty insurance, providing for coverage for insulin.


summary

Introduced
07/08/2020
In Committee
07/08/2020
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

2019-2020 Regular Session

Bill Summary

An Act amending the act of May 17, 1921 (P.L.682, No.284), known as The Insurance Company Law of 1921, in casualty insurance, providing for coverage for insulin.

AI Summary

This bill amends The Insurance Company Law of 1921 to require health insurance policies that provide prescription coverage for insulin to limit the copayment, coinsurance, or deductible for a 30-day supply of insulin to no more than $150, regardless of the amount or type of insulin needed. The bill allows insurers to offer a lower monthly price for insulin and gives the Insurance Department the authority to promulgate regulations to implement and enforce the maximum price. The bill exempts certain types of insurance policies, such as accident-only, fixed indemnity, and Medicare supplement policies, from this requirement. The bill will take effect 60 days after enactment.

Committee Categories

Business and Industry

Sponsors (25)

Last Action

Referred to INSURANCE (on 07/08/2020)

bill text


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