Bill Text: TX SB523 | 2021-2022 | 87th Legislature | Introduced

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Bill Title: Relating to the effect of certain reductions in a health benefit plan enrollee's out-of-pocket expenses for prescription drugs on enrollee cost-sharing requirements.

Sponsorship: Partisan Bill (Republican 2)

Status: (Introduced - Dead) 2021-04-08 - Co-author authorized [SB523 Detail]

Download: Texas-2021-SB523-Introduced.html

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87R2815 RDS-F
By: Buckingham S.B. No. 523

A BILL TO BE ENTITLED
AN ACT
relating to the effect of certain reductions in a health benefit
plan enrollee's out-of-pocket expenses for prescription drugs on
enrollee cost-sharing requirements.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. The heading to Subchapter B, Chapter 1369,
Insurance Code, is amended to read as follows:
SUBCHAPTER B. REQUIREMENTS AFFECTING COVERAGE OF SPECIFIC
PRESCRIPTION DRUGS OR COST SHARING [SPECIFIED BY DRUG FORMULARY]
SECTION 2. Subchapter B, Chapter 1369, Insurance Code, is
amended by adding Section 1369.0542 to read as follows:
Sec. 1369.0542. EFFECT OF REDUCTIONS IN OUT-OF-POCKET
EXPENSES ON COST SHARING. An issuer of a health benefit plan that
covers prescription drugs or a pharmacy benefit manager shall apply
any third-party payment, financial assistance, discount, product
voucher, or other reduction in out-of-pocket expenses made by or on
behalf of an enrollee for a prescription drug to the enrollee's
deductible, copayment, cost-sharing responsibility, or
out-of-pocket maximum applicable to prescription drug benefits
under the enrollee's plan.
SECTION 3. Section 1369.0542, Insurance Code, as added by
this Act, applies only to a health benefit plan that is delivered,
issued for delivery, or renewed on or after January 1, 2022. A
health benefit plan delivered, issued for delivery, or renewed
before January 1, 2022, is governed by the law as it existed
immediately before the effective date of this Act, and that law is
continued in effect for that purpose.
SECTION 4. This Act takes effect September 1, 2021.