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Ind. Code § 27-1-50-9

Offer of plans to plan sponsors

Redline — January 1, 2023 → current.View current text →
Current — January 1, 2025
As of January 1, 2023
Sec. 9. (a) At the time of contracting, an insurer shall only offer to plan sponsors the following plans:
(1) A plan that applies one hundred percent (100%) of the rebates to reduce premiums for all covered individuals equally.
Sec. 9. At the time of contracting, an insurer shall provide plan sponsors the option of calculating defined cost sharing for covered individuals of the plan sponsor at the point of sale based on a price that is reduced by some or all of the rebates received or estimated to be received by the insurer concerning the dispensing or administration of the prescription drug.
(2) A plan that calculates defined cost sharing for covered individuals of the plan sponsor at the point of sale based on a price that is reduced by an amount equal to at least eighty-five percent (85%) of all of the rebates received or estimated to be received by the insurer concerning the dispensing or administration of the prescription drug.
(b) A plan sponsor may choose one (1) of the plans offered under subsection (a).

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.