Effective 1-1-2026.
Sec. 19. (a) As used in this section, "plan sponsor" means an employer or organization that:
(1) has more than one hundred (100) employees or members; and
(2) offers health insurance coverage to its employees or members through a self-funded health benefit plan.
(b) A third party administrator may not:
(1) require, as a condition of a plan sponsor entering into a contract with the third party administrator, that the plan sponsor enter into a contract with a particular pharmacy benefit manager; or
(2) charge a different fee for services provided by the third party administrator to a plan sponsor based on the plan sponsor's selection of a particular pharmacy benefit manager.