Registration of all Pharmacy Benefits Managers - Clarification of Registration Requirements Discussed in INS 19-028-AB

The State of New Hampshire Insurance Department 21 South Fruit Street, Suite 14 Concord, NH 03301 (603) 271-2261 Fax (603) 271-1406 TDD Access: Relay NH 1-800-735-2964 Alexander K. Feldvebel Acting Commissioner Bulletin Docket No: INS 20-008-AB To: All entities operating as Pharmacy Benefits Managers From: Alexander K. Feldvebel, Acting Commissioner i1f' 'l Date: February 24, 2020 Re: Registration of all Pharmacy Benefits Managers - Clarification of Registration Requirements discussed in INS 19-028-AB On December 19, 2019, the New Hampshire Insurance Department (Department) issued Bulletin INS 19-028-AB ("Registration of all Pharmacy Benefits Managers") detailing new requirements established by RSA 402-N. The prior bulletin provided a link to the pharmacy benefits manager registration application. The Department has since amended the registration application to remove the requirement that a copy of the contract between the pharmacy benefits manager and health carrier be attached to the application. The pharmacy benefits manager is still required to fill out page 2 of the application for each contract it holds with a health carrier. The Department intends to amend the Ins 2704 Pharmacy Benefits Manager proposed rules to reflect this change.