Illinois Compiled Statutes 225 ILCS 85/44 – Disclosure of pharmacy retail price
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(a) For the purpose of this Section:
“Pharmacy retail price” means the price an individual without prescription drug coverage or not using any other prescription medication benefit or discount would pay at a retail pharmacy, not including a pharmacist dispensing fee.
“Cost-sharing amount” means the amount owed by a policyholder under the terms of his or her health insurance policy or as required by a pharmacy benefit manager as defined in subsection (a) of § 513b1 of the Illinois Insurance Code.
(b) A pharmacist or his or her authorized employee must disclose to the consumer at the point of sale the current pharmacy retail price for each prescription medication the consumer intends to purchase. If the consumer’s cost-sharing amount for a prescription exceeds the current pharmacy retail price, the pharmacist or his or her authorized employee must disclose to the consumer that the pharmacy retail price is less than the patient’s cost-sharing amount.
“Pharmacy retail price” means the price an individual without prescription drug coverage or not using any other prescription medication benefit or discount would pay at a retail pharmacy, not including a pharmacist dispensing fee.
Terms Used In Illinois Compiled Statutes 225 ILCS 85/44
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
“Cost-sharing amount” means the amount owed by a policyholder under the terms of his or her health insurance policy or as required by a pharmacy benefit manager as defined in subsection (a) of § 513b1 of the Illinois Insurance Code.
(b) A pharmacist or his or her authorized employee must disclose to the consumer at the point of sale the current pharmacy retail price for each prescription medication the consumer intends to purchase. If the consumer’s cost-sharing amount for a prescription exceeds the current pharmacy retail price, the pharmacist or his or her authorized employee must disclose to the consumer that the pharmacy retail price is less than the patient’s cost-sharing amount.