Health insurance; prohibit modifications on renewal of covered and prescribed prescription drug's contracted benefit level.

HB 698 would have prevented Mississippi health insurance plans from changing benefit levels for specific prescription drugs during policy renewals. It directly affects residents taking medications covered in the prior year for medical or mental health conditions, prohibiting insurers from removing drugs from coverage, increasing costs, adding prior authorization requirements, or changing formulary tiers for those drugs. The bill allowed exceptions only if the FDA issues safety alerts, the drug manufacturer discontinues production, or the drug is removed from the market. The bill died in committee in February 2026 and never took effect.