Bill > SB00196

This bill aims to restrict health insurance carriers from making changes to their drug formularies for psychiatric prescription drugs during an active policy term. A formulary is a list of prescription drugs that an insurance plan covers, and a cost-sharing tier determines how much a patient pays out-of-pocket for a medication. The proposed legislation would limit the ability of health insurance companies to remove psychiatric medications from their covered drug list or shift these medications to a different cost-sharing tier, which could potentially increase patient costs or reduce access to specific medications. By preventing mid-policy term changes, the bill seeks to provide more stability and predictability for patients who rely on psychiatric medications, ensuring that their treatment plans and financial obligations remain consistent throughout the duration of their insurance policy.

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https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB00196&which_year=2025