REGULATION-TECH

Amends the Illinois Insurance Code. Makes a technical change in a Section relating to long-term care insurance. House Floor Amendment No. 1 Deletes reference to: 215 ILCS 5/351A-4 Adds reference to: New Act 215 ILCS 5/356z.41 Replaces everything after the enacting clause. Creates the Access to Affordable Insulin Act. Sets forth provisions concerning an insulin urgent-need program. Provides that by July 1, 2022, each manufacturer shall establish procedures to make insulin available to eligible individuals who are in urgent need of insulin or who are in need of access to an affordable insulin supply. Sets forth provisions concerning insulin urgent-need program exceptions, eligibility, forms, applications, claims and reimbursement, copayments, information sheets, navigators, and penalties. Defines terms. Amends the Illinois Insurance Code. In provisions concerning cost sharing in prescription insulin drugs, provides that an insurer that provides coverage for prescription insulin drugs under the terms of a health coverage plan the insurer offers shall limit the total amount that an insured is required to pay for a 30-day supply of covered prescription insulin drugs at an amount not to exceed $35 (rather than $100). Effective immediately.