Virginia Senate Bill 376 (Prefiled Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 9 2024 - 25% progression
Action: 2024-01-22 - Continued to 2025 in Commerce and Labor (15-Y 0-N)
Pending: Senate Commerce and Labor Committee
Text: Latest bill text (Prefiled) [HTML]

Health insurance; limit on cost-sharing payments for prescription drugs under certain plans. Requires each carrier that offers a health plan in either the individual or small group market to ensure that at least 50 percent of all health plans offered by the carrier, or at least one health plan if the carrier offers fewer than two health plans, in each rating area and in each of the bronze, silver, gold, and platinum levels of coverage in the individual and small group market conform with the following: (i) a plan that offers a silver, gold, or platinum level of coverage limits a person's cost-sharing payment for prescription drugs covered under the plan to an amount that does not exceed $100 per 30-day supply of the prescription drug and (ii) a plan that offers a bronze level of coverage limits a person's cost-sharing payment for prescription drugs covered under the plan to an amount that does not exceed $150 per 30-day supply of the prescription drug. The bill provides that such limits apply at any point in the benefit design, including before and after any applicable deductible is reached. The bill requires that any plans offered to meet its requirements are (a) clearly and appropriately named to aid the consumer or plan sponsor in the plan selection process and (b) marketed in the same manner as other plans offered by the health insurance carrier. The provisions of the bill apply with respect to health plans entered into, amended, extended, or renewed on or after January 1, 2025.

Health insurance; limit on cost-sharing payments for prescription drugs under certain plans.

Sen. Jennifer Boysko [D]

2024-01-22 - Senate - Senate: Continued to 2025 in Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2024-01-22	Senate	Continued to 2025 in Commerce and Labor (15-Y 0-N)
2024-01-09	Senate	Referred to Committee on Commerce and Labor
2024-01-09	Senate	Prefiled and ordered printed; offered 01/10/24 24104907D

SB376 (Carry Over) 2024-01-22 - Continued to 2025 in Commerce and Labor (15-Y 0-N)

Chapter	Article	Section	Citation Type	Statute Text
38	2	3407.15:8	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?251+sum+SB376
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?251+ful+SB376+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?251+vot+S02C0004+SB0376