This bill amends existing laws regarding municipal and state group health insurance plans, including self-insured plans and the management of pharmacy benefits. It introduces a new section, AS 29.20.420, which mandates that municipalities offering group health care insurance plans for employees, including self-insurance, and their pharmacy benefits managers must comply with specific provisions outlined in AS 21.27.901 - 21.27.975 and AS 21.36.520. The bill clarifies that this requirement applies to both home rule and general law municipalities, while exempting plans governed by the Employee Retirement Income Security Act of 1974.

Additionally, the bill modifies AS 39.30.090 to include a new provision that group health insurance policies covering employees of participating governmental units must also adhere to the same regulations concerning pharmacy benefits management. It specifies that self-insured group health insurance plans for active state employees are subject to these regulations, with the same exemption for plans under the Employee Retirement Income Security Act. The bill is set to take effect on January 1, 2026.

Statutes affected:
SB0142A, AM SB 142, introduced 03/24/2025: 29.10.200, 29.20.420, 21.27.901, 21.27.975, 21.36.520, U.S.C, 21.54.500, 39.30.090, 14.25.168, 14.25.480, 22.25.090, 39.35.535, 39.35.880, 39.37.145, 23.15.136, 39.30.091, 21.86.310, 14.25.110, 23.15.010, 23.15.210