Bill > A09510

This bill amends existing laws concerning how insurers and certain health care plans, which are organizations providing health coverage, can pay healthcare providers. Specifically, it clarifies that if an insurer or health plan wants to pay a provider using a virtual credit card (a temporary, single-use credit card number for a specific payment) or other methods that might charge the provider a fee, they must first notify the provider about potential fees and offer an alternative payment method that doesn't charge fees. The provider then has thirty days to choose their preferred payment method; if they don't respond, the insurer must use the fee-free alternative unless they lack the necessary information, in which case they can use another fee-free method to meet payment deadlines. The bill also clarifies that these rules apply to contracts between insurers and providers, and it specifies that if a vendor processes payments for an insurer, the vendor must also comply with these notification and alternative payment requirements, but this does not apply to vendors used by the provider to receive payments. Finally, the bill adjusts the effective date of these provisions to align with a related 2025 law.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A9510