All entities acting as a pharmacy benefit manager (PBM) in Washington state under RCW Chapter 19.340 (leg.wa.gov) must register with the Office of the Insurance Commissioner (OIC).
How to register
All PBM applicants must register through the OIC's online registration portal.
When you register, login instructions and credentials for filing information and making payments will be provided to your primary contact person. You may need to complete additional required information using our online filing and payment portal.
Completing your registration payment
PBMs will be charged a $200 registration fee. You can pay through the filing and payment portal.
Once your registration is approved, you will be notified by email to your primary contact person.
How to report your gross income
Your PBM gross income generated in the state of Washington is due March 1 of each year. To report your annual gross income, please login to the filing and payment portal and select Submit Filing. The gross income for your report will be used to calculate the annual renewal fee due in July.
Renewing your registration
On July 1 of each year, PBMs registered with the OIC will be required to renew their registration. The annual renewal fee payment is due no later than July 15 of each year.
The renewal fee is determined on the OIC cost for renewal and oversight activities for the fiscal year July 1 – June 30 year based on a proportional share of the cost of the previous calendar year gross PBM income as reported to the OIC.
You can pay through the filing and payment portal. Once your renewal payment has been processed, you will be notified via an email to your primary contact person