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Terms Used In Indiana Code 27-1-50-10

  • covered individual: means an individual who is entitled to health insurance coverage. See Indiana Code 27-1-50-1
  • defined cost sharing: means a deductible payment or coinsurance amount imposed on a covered individual for a covered prescription drug under the covered individual's health insurance coverage. See Indiana Code 27-1-50-2
  • insurer: means an insurer that provides health insurance coverage to a covered individual. See Indiana Code 27-1-50-4
   Sec. 10. Nothing in this chapter prohibits an insurer from decreasing a covered individual‘s defined cost sharing by an amount greater than the amount required under section 8 of this chapter.

As added by P.L.166-2023, SEC.3.