Alaska SB134 regulates pharmacy benefits managers and third-party administrators in the insurance industry.
The bill, Alaska SB134, amends the state's insurance regulations to establish licensing requirements for pharmacy benefits managers and third-party administrators. It mandates that pharmacy benefits managers must be licensed to contract with insurers for managing pharmacy benefits. Third-party administrators must also be licensed unless they only investigate and adjust claims. The bill outlines specific qualifications, application processes, and notification requirements for both pharmacy benefits managers and third-party administrators.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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