Indiana Code 27-1-49-7. Defined cost sharing for prescription drugs
Current as of: 2023 | Check for updates
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Sec. 7. A covered individual‘s defined cost sharing for a prescription drug must be:
(2) based on a price that is reduced by an amount equal to at least eighty-five percent (85%) of all rebates in connection with the dispensing or administration of the prescription drug.
(1) calculated at the point of sale; and
Terms Used In Indiana Code 27-1-49-7
- covered individual: means an individual who is entitled to health insurance coverage. See Indiana Code 27-1-49-1
- defined cost sharing: means a deductible payment or coinsurance amount imposed on a covered individual for a covered prescription drug under the covered individual's health insurance coverage. See Indiana Code 27-1-49-2
As added by P.L.166-2023, SEC.2.