SB 925

Abstract

Health insurance; carrier business practices; method of payment for claims. Requires a health insurance carrier, or entity completing a transaction of behalf of the carrier, prior to paying a claim using a credit card or electronic funds transfer payment method that imposes a transaction or processing fee or similar charge on the provider, to notify the provider that such a fee or similar charge will apply and to offer the provider an alternative payment method that does not impose such a fee or similar charge. If the provider elects to accept the alternative payment method, the bill specifies that the carrier is required to pay the claim using such alternative payment method.

A BILL to amend and reenact § 38.2-3407.15 of the Code of Virginia, relating to health insurance; carrier business practices; method of payment for claims.