New York S02105 allows insurers and health care plans to pay claims using credit cards, virtual credit cards, or electronic funds transfer methods.

New York S02105 amends the insurance law and the public health law to authorize insurers and health care plans to pay claims for reimbursement using credit cards, virtual credit cards, or electronic funds transfer payment methods. A virtual credit card is defined as a single-use series of numbers linked to a fixed dollar amount provided by an insurer or health care plan to a provider for paying claims.

New York S02105 allows insurers and health care plans to pay claims using credit cards, virtual credit cards, or electronic funds transfer methods.

New York S02105 amends the insurance law and the public health law to authorize insurers and health care plans to pay claims for reimbursement using credit cards, virtual credit cards, or electronic funds transfer payment methods. A virtual credit card is defined as a single-use series of numbers linked to a fixed dollar amount provided by an insurer or health care plan to a provider for paying claims.