New York S07900 allows insurance policies with tiered prescription drug cost-sharing to offer a program using rebates or discounts to lower insureds'.
New York S07900 authorizes insurance policies that provide coverage for prescription drugs with cost-sharing obligations determined by drug category to offer a program to insureds. This program utilizes rebates or discounts to lower an insured's cost-sharing for prescription drugs if the cost-sharing under the program is more favorable than the standard cost-sharing. The program cannot be considered a separate tier of drug cost-sharing.
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