Bill > SB367

This bill creates a new statute, 632.872, to regulate virtual credit card payments in disability insurance policies, which are defined as policies providing income replacement for individuals unable to work due to illness or injury. A virtual credit card payment is a single-use electronic payment method issued by an insurer or its vendor for services rendered by a health care provider, using a temporary series of numbers that expire after processing and are distinct from physical credit card payments. The bill prohibits insurers from forcing health care providers to accept these virtual credit card payments for disability insurance policies. Furthermore, before an insurer makes its first virtual credit card payment to a health care provider, it must inform the provider about potential additional fees for certain payment options and clearly explain how to choose an alternative payment method. The bill also states that insurers or their vendors cannot charge a fee solely for transmitting a payment to a health care provider, as long as the transmission meets federal standards, unless the provider explicitly agrees to the fee. These regulations cannot be waived, and any contract provision that contradicts them is invalid.

Agriculture and Natural Resources

https://docs.legis.wisconsin.gov/2025/proposals/reg/sen/bill/sb367