Michigan SB0914 requires health insurance policies to count payments made by insureds or others towards co-pays for prescription drugs.
Michigan SB0914 amends the state's insurance laws to mandate that health insurance policies, excluding high deductible health plans, must include payments made by insureds or others when calculating co-pays for prescription drugs. This applies to policies delivered, issued for delivery, or renewed after December 31, 2025. If the payment would make the insured's health savings account ineligible, it must be applied after the minimum deductible is satisfied. The bill also specifies that these provisions apply to preventive care.
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