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New Jersey Statutes Title 17B. Insurance 17B § 27F-6

Current as of January 01, 2024 | Updated by Findlaw Staff

<Text of section effective until Jan. 1, 2025. See, also, section 17B:27F-6 effective Jan. 1, 2025.><L.2023, c. 221, eff. Jan. 8, 2024, incorporated amendments made by L.2023, c. 107 into this version of text which are not to take effect until Jan. 1, 2025. >

a. A pharmacy benefits manager, in connection with any contract or arrangement with a private health insurer, prescription benefit plan, or the State Health Benefits Program or School Employees' Health Benefits Program, shall not require a covered person to make a payment at the point of sale for any amount for a deductible, coinsurance payment, or a copayment for a prescription drug benefit in an amount that exceeds the amount permitted pursuant to subsection d. of section 3 of P.L.2023, c. 107 (C.17B:27F-3.1).

b. A pharmacy benefits manager shall not prohibit a network pharmacy from, and shall not apply a penalty or any other type of disincentive to a network pharmacy for:

(1) disclosing to a covered person lower cost prescription drug options, including those that are available to the covered person if the covered person purchases the prescription drug without using health insurance coverage;

(2) providing a covered person with the option of paying the pharmacy provider's cash price for the purchase of a prescription drug and not filing a claim with the covered person's health benefits plan if the cash price is less than the covered person's cost-sharing amount;

(3) providing information to a State or federal agency, law enforcement agency, or the department when such information is required by law; or.

(4) applying a discounted price generated by a healthcare platform, as defined pursuant to section 2 of P.L.2003, c. 280 (C.45:14-41), to the payment of a covered person with an account or membership to the healthcare platform for a prescription drug, even if the covered person maintains health insurance coverage.

c. Any provision of a contract that conflicts with the provisions of subsection b. of this section shall be void and unenforceable.

d. A violation of this section shall be an unlawful practice and a violation of P.L.1960, c. 39 (C.56:8-1 et seq.), and shall also be subject to any enforcement action that the Commissioner of Banking and Insurance is authorized to take pursuant to section 5 of P.L.2015, c. 179 (C.17B:27F-5).

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Cite this article: FindLaw.com - New Jersey Statutes Title 17B. Insurance 17B § 27F-6 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-17b-insurance/nj-st-sect-17b-27f-6/

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