Ind. Code § 27-1-24.6-1 Applicability
Sec. 1. This chapter applies to generic drugs covered under a health plan after December 31, 2025.
As added by P.L.216-2025, SEC.41.
Ind. Code ch. 27-1-24.6
Ind. Code ch. 27-1-24.6
in effectInd. Code § 27-1-24.6-2 "Generic drug"
Sec. 2. As used in this chapter, "generic drug" has the meaning set forth in IC 27-1-24.5-4.
As added by P.L.216-2025, SEC.41.
Ind. Code § 27-1-24.6-3 "Health plan"
Sec. 3. As used in this chapter, "health plan" means the following:
(1) A state employee health plan (as described in IC 5-10-8-7).
(2) A policy of accident and sickness insurance (as defined in IC 27-8-5-1). However, the term does not include the coverages described in IC 27-8-5-2.5(a).
(3) An individual contract (as defined in IC 27-13-1-21) or a group contract (as defined in IC 27-13-1-16) that provides coverage for basic health care services (as defined in IC 27-13-1-4.
As added by P.L.216-2025, SEC.41.
Ind. Code § 27-1-24.6-4 "National average drug acquisition cost"
Sec. 4. As used in this chapter, "national average drug acquisition cost" means the average price pharmacies pay for a prescription drug. The term does not include a dispensing fee or a professional fee.
As added by P.L.216-2025, SEC.41.
Ind. Code § 27-1-24.6-5 "Plan sponsor"
Sec. 5. As used in this chapter, "plan sponsor" means:
(1) an employer or organization that offers health insurance coverage to its employees or members under a health plan; or
(2) for purposes of an individual policy of accident and sickness insurance or an individual contract, the policyholder.
As added by P.L.216-2025, SEC.41.
Ind. Code § 27-1-24.6-6 Provision of amount of the national average drug acquisition cost to plan sponsor
Sec. 6. A health plan must provide the amount of the national average drug acquisition cost for a generic drug to the plan sponsor.
As added by P.L.216-2025, SEC.41.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/27Fetched: 10/17/2026