States / Virginia / HB 625

HB 625 Failed

Health insurance; limit on cost-sharing payments for prescription drugs under certain plans.

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CHAPTER 641

An Act to amend the Code of Virginia by adding a section numbered 38.2-3407.15:9 , relating to health insurance; limit on cost-sharing payments for prescription drugs under certain plans.

[H 625]

Approved April 13, 2026

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding a section numbered 38.2-3407.15:9 as follows:

§ 38.2-3407.15:9 . Limit on cost-sharing payments for prescription drugs under certain plans.

A. As used in this section:

"Carrier" has the same meaning as provided in subsection A of § 38.2-3407.15 .

"Cost-sharing payment" means the total amount a covered person is required to pay at the point of sale in order to receive a prescription drug that is covered under the covered person's health plan.

"Covered person" means a policyholder, subscriber, participant, or other individual covered by a health plan.

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