A Pharmacy Benefit License is required to do business as a Pharmacy Benefit Manager (PBM). PBMs must also file certain financial statements with the Mississippi Board of Pharmacy. Below are links to applications and instructions for filing:
Each Licensee OR Administrative Agent must register in the Licensure Gateway in order to submit and maintain licensure applications and information with the Mississippi Board of Pharmacy. Individuals must register to submit an application for a NEW or the RENEWAL of a Pharmacy Benefit Manager license.
Pharmacy Benefit Manager Application for a License Renewal is Due NO LATER than December 31st ANNUALLY.
Pharmacy Benefit Manager Application for License (NEW or RENEWAL)
PBM Financial Reporting (Due March 1st Annually)
PBM Mississippi Statutes and Regulations
| Section#: | Description: |
|---|---|
| 73-21-151 | Pharmacy Benefit Prompt Pay Act. Short title. |
| 73-21-153 | Pharmacy Benefit Prompt Pay Act. Definitions. |
| 73-21-155 | Most current nationally recognized reference price to be used in calculation of reimbursement for prescription drugs and other products and supplies; updating of reference price;... |
| 73-21-156 | Placement of drug on maximum allowable cost list; access, update and notification;... |
| 73-21-157 | License required to do business as pharmacy benefit manager; pharmacy benefit managers to file certain financial statements with State Board of Pharmacy; time period for filing statements. |
| 73-21-159 | Financial examination of pharmacy benefit manager. |
| 73-21-161 | Referral by pharmacy or pharmacy benefit manager or affiliate, or transfer or sharing records relative to certain prescription information, or presentation of claim for payment pursuant... |
| 73-21-163 | Action for temporary or permanent injunction against pharmacy benefit manager or affiliate to prohibit use of certain methods, acts or practices; monetary penalties for noncompliance... |
| Section#: | Description: |
|---|---|
| 73-21-175 | Pharmacy Audit Integrity Act. Short title. |
| 73-21-177 | Pharmacy Audit Integrity Act. Purpose. |
| 73-21-179 | Pharmacy Audit Integrity Act. Definitions. |
| 73-21-181 | Application. |
| 73-21-183 | Audit procedures; written report; report requirements. |
| 73-21-185 | Appeals; dismissal of audit report; mediation of unresolved issues. |
| 73-21-187 | Use of extrapolation in calculating recoupments or penalties prohibited. |
| 73-21-189 | Limitation of applicability of Sections 73-21-175 through 73-21-189. |
| 73-21-191 | Penalty for noncompliance with Sections 73-21-175 through 73-21-189. |
| Section#: | Description: |
|---|---|
| 73-21-201 | Prescription Drugs Consumer Affordable Alternative Payment Options Act. Short title. |
| 73-21-203 | Prescription Drugs Consumer Affordable Alternative Payment Options Act. Definitions. |
| 73-21-205 | Pharmacists authorized to provide additional information to patients to allow them to consider affordable alternative payment options when acquiring prescription medication;... |