SB 354 (2024)

When calculating an enrollee's contribution to cost-sharing requirements, this bill requires the insurer or pharmacy benefits manager to include any amount paid by the enrollee or paid on their behalf. The bill includes a limited exception for health savings account-qualified high deductible health plans. According to the Insurance Department, this bill may result in decreased enrollee cost-sharing contributions and increased costs to insurance carriers and pharmacy benefit managers for system updates.