Authorizes insurers to pay claims using credit cards, virtual credit cards, or electronic funds transfer methods that charge providers fees, with.
This bill allows insurers to pay claims using credit cards, virtual credit cards, or electronic funds transfer methods that charge providers fees, provided the insurer notifies the provider of these fees, offers an alternative payment method without fees, and the provider consents to the fee. A "virtual credit card" is defined as a single-use series of numbers linked to a fixed dollar amount provided by an insurer to a provider for paying health care service claims. The bill also includes related provisions and takes effect 180 days after becoming law.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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