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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) As used in this section, unless the context otherwise requires, “ prescription insulin drug” means a prescription drug, as defined in § 21-31-2, that contains insulin and is used to treat diabetes.
(b) A health plan that provides coverage for prescription insulin drugs pursuant to the terms of a health coverage plan the health plan offers shall cap the total amount that a covered person is required to pay for a covered prescription insulin drug at an amount not to exceed forty dollars ($40.00), per thirty-day (30) supply of insulin. Coverage for prescription insulin drugs shall not be subject to any deductible.
(c) Nothing in this section prevents a health plan from reducing a covered person's cost sharing to an amount less than the amount specified in subsection (b) of this section.
(d) The office of the health insurance commissioner may use any of its enforcement powers to obtain a health plan's compliance with this section.
(e) The office of the health insurance commissioner may promulgate rules and regulations as necessary to implement and administer this section and to align with federal requirements.
Cite this article: FindLaw.com - Rhode Island General Laws Title 27. Insurance § 27-20.8-3. Copay cap for prescription insulin - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-27-insurance/ri-gen-laws-sect-27-20-8-3/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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