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Section 10. Insulin discount program. |
(a) The Department shall offer a discount program that
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allows participants to purchase insulin at a discounted, |
post-rebate price. |
(b) The discount program shall: |
(1) provide a participant with a card or electronic
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document that identifies the participant as eligible for
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the discount; |
(2) provide a participant with information about
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pharmacies that will honor the discount; |
(3) allow a participant to purchase insulin at a
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discounted, post-rebate price; and |
(4) provide a participant with instructions to pursue |
a reimbursement of the purchase price from the |
participant's health insurer. |
(c) The discount program shall charge a price for insulin
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that allows the program to retain only enough of any rebate for
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the insulin to make the State risk pool whole for providing
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discounted insulin to participants. |
Section 90. The Illinois Insurance Code is amended by |
changing Section 356z.41 as follows: |
(215 ILCS 5/356z.41) |
Sec. 356z.41. Cost sharing in prescription insulin drugs; |
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limits; confidentiality of rebate information. |
(a) As used in this Section, "prescription insulin drug" |
means a prescription drug that contains insulin and is used to |
control blood glucose levels to treat diabetes but does not |
include an insulin drug that is
administered to a patient |
intravenously. |
(b) This Section applies to a group or individual policy |
of accident and health insurance amended, delivered, issued, |
or renewed on or after the effective date of this amendatory |
Act of the 101st General Assembly. |
(c) An insurer that provides coverage for prescription |
insulin drugs pursuant to the terms of a health coverage plan |
the insurer offers shall limit the total amount that an |
insured is required to pay for a 30-day supply of covered |
prescription insulin drugs at an amount not to exceed $35 |
$100 , regardless of the quantity or type of covered |
prescription insulin drug used to fill the insured's |
prescription. |
(d) Nothing in this Section prevents an insurer from |
reducing an insured's cost sharing by an amount greater than |
the amount specified in subsection (c). |
(e) The Director may use any of the Director's enforcement |
powers to obtain an insurer's compliance with this Section. |
(f) The Department may adopt rules as necessary to |
implement and administer this Section and to align it with |
federal requirements. |
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(g) On January 1 of each year, the limit on the amount that |
an insured is required to pay for a 30-day supply of a covered |
prescription insulin drug shall increase by a percentage equal |
to the percentage change from the preceding year in the |
medical care component of the Consumer Price Index of the |
Bureau of Labor Statistics of the United States Department of |
Labor.
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(Source: P.A. 101-625, eff. 1-1-21 .)
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Section 99. Effective date. This Act takes effect July 1, |
2025. |