An Act amending Title 40 (Insurance) of the Pennsylvania Consolidated Statutes, providing for prescription drug cost credits in health insurance; and imposing penalties.

This bill requires health insurance plans in Pennsylvania to credit money that policyholders spend on prescription drugs toward their annual out-of-pocket maximums. The law applies to anyone enrolled in a health benefit plan who pays directly for medications at a pharmacy or through a discount program, regardless of whether the pharmacy has a contract with the insurer. To receive this credit, individuals must submit proof of purchase, and the credit counts toward deductibles, copayments, and coinsurance for the year the expense was incurred. The legislation also establishes a process for insurers to submit regulations and outlines penalties for failing to comply with these new requirements.