Alaska SB121 sets standards for health insurance allowable charges based on current data.

Alaska SB121 mandates that health care insurers set allowable charges for health care services and supplies based on the most current data available. For calendar year 2026, charges must reflect amounts charged by health care providers over a 12-month period starting in 2023. Starting in 2029, charges must be based on the most current data available. The director of health care must set standards for allowable charges, which must be the same across the state and may not be less than the 75th percentile of charges or 450 percent of the federal Centers for Medicare and Medicaid Services fee.

Alaska SB121 sets standards for health insurance allowable charges based on current data.

Alaska SB121 mandates that health care insurers set allowable charges for health care services and supplies based on the most current data available. For calendar year 2026, charges must reflect amounts charged by health care providers over a 12-month period starting in 2023. Starting in 2029, charges must be based on the most current data available. The director of health care must set standards for allowable charges, which must be the same across the state and may not be less than the 75th percentile of charges or 450 percent of the federal Centers for Medicare and Medicaid Services fee.