Bill > A03683

This bill amends existing insurance and public health laws to establish new requirements for insurance contracts involving healthcare payments. Specifically, the bill mandates that insurance providers and health care plans must include several key provisions in their contracts with healthcare providers: payment details must now specify the date of service, patient identification number, service identification, and reimbursement amount; providers must be offered multiple payment methods (such as check, direct deposit, credit/debit card, or online payment) with no associated fees; providers must provide advance written consent for payment methods and allow direct deposits to their chosen financial institution; and insurers must provide an annual updated payment rate schedule to healthcare providers, which should include descriptions of any bundled services. These changes aim to increase transparency and flexibility in how healthcare providers receive payments from insurance companies and health care plans, giving providers more control and clarity about their reimbursement processes. The bill will take effect 30 days after becoming law and will apply to all contracts entered into, renewed, modified, or amended after that date.

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https://www.nysenate.gov/legislation/bills/2025/A3683