Health insurers in Arizona must create a savings incentive program for enrollees who receive services at a lower price than usual reimbursement.
Arizona SB1159 mandates that health insurers establish a savings incentive program for enrollees who receive medically necessary covered health care services at a price below the insurer's usual reimbursement. Eligible enrollees can have the amount they pay applied toward their deductible and out-of-pocket maximum and receive reimbursement for fifty percent of the difference between the price they paid and the insurer's usual reimbursement. Reimbursement can be made via a deposit into a health savings account, a 530A account, or in cash.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.