Bill > HB1450

This bill expands existing requirements for health insurance companies to share claims experience information with policyholders. Specifically, it clarifies that these requirements now apply to all "employee welfare benefit plans," which are essentially employer-sponsored health plans, and explicitly includes pharmacy benefits claims, meaning information about prescription drug costs and usage. This change ensures that employers who provide health insurance to their employees, particularly those with at least 100 insured individuals, can receive a comprehensive record of their medical and pharmacy claims experience upon request, helping them understand costs and potentially negotiate better terms. The bill also specifies that these new provisions will take effect for all applicable plans delivered, issued, reissued, or extended on or after January 1, 2027.

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https://lis.virginia.gov/bill-details/20261/HB1450