Enrolled Bill Summary

House Bill 1268 amends the Insurance Code to authorize an insurer or other entity that issues a Medicare supplement policy in Texas to also offer a policyholder an outpatient prescription drug benefit plan--either a plan covered by an existing Medicare supplement policy or a new or innovative plan filed with and approved by the commissioner of insurance. The bill requires the commissioner to approve or disapprove the second type of plan not later than the 60th day after the date the plan is filed, or that plan is considered approved. The bill also authorizes an insurer or other entity to offer participation in a prescription drug discount program, which allows a participant to purchase prescription drugs or other medical supplies and services from vendors at a discount by agreement with a participating pharmacy.