Bill > HB1479

This bill amends Oklahoma state law regarding health insurance plans that provide prescription drug coverage by introducing a new notification requirement. Specifically, health insurance plans, policies, or health maintenance organizations (HMOs) that offer prescription drug benefits must now provide written notice to customers at least 30 days in advance of premium renewal if the plan will no longer cover a medication that was prescribed or purchased by the insured during the previous year. The bill maintains existing provisions that allow health insurance plans to provide periodic bidding opportunities for pharmacy contracts (at least every three years) and does not prevent plans from establishing open pharmacy networks. The law will take effect on November 1, 2025, and aims to provide consumers with advance warning about potential changes in their prescription drug coverage, giving them time to explore alternative medication options or insurance plans if needed.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1479&Session=2600