Oklahoma SB1048 modifies insurance carrier requirements for shared savings incentive programs.
Oklahoma SB1048 amends the Oklahoma Right to Shop Act to modify shared savings incentive programs offered by insurance carriers. It requires carriers to offer these programs, which provide financial incentives to enrollees for choosing certain health care services. The bill modifies how average allowed amounts are calculated and how incentives are determined. It also mandates that carriers notify enrollees about the program and provide certain information upon request. The changes take effect November 1, 2025.
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