Bill > S02105

This bill provides new regulations for how insurers, health insurance corporations, and health care plans can pay providers using credit cards, virtual credit cards, or electronic funds transfers (EFT). Specifically, these entities can use payment methods that charge providers a processing fee, but only if they first: (1) notify the provider about potential fees, (2) offer an alternative payment method without fees, and (3) obtain the provider's consent to use the fee-charging payment method. A "virtual credit card" is defined as a single-use number linked to a specific dollar amount, issued by the insurer to pay a healthcare service claim. The bill requires that if these organizations contract with a payment vendor, the vendor must also follow these rules. Additionally, the bill prohibits new insurance policies from waiving these notice requirements, and it limits insurers from charging transmission fees for EFT payments unless the provider specifically agrees. The provisions will take effect 180 days after becoming law and will apply to policies and contracts issued or modified on or after that date, ensuring healthcare providers have more transparency and choice in how they receive reimbursement payments.

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https://www.nysenate.gov/legislation/bills/2025/S2105