General Assembly Raised Bill No. 5127 seeks to regulate the use of medical credit cards by health care and veterinary care providers in Connecticut, with an effective date of January 1, 2027. The bill prohibits these providers from advertising, promoting, or offering medical credit cards, as well as from receiving financial incentives for such activities. It also restricts providers from charging medical credit cards for services before they are rendered or for ancillary products without the consumer's written consent. Furthermore, providers are barred from charging for services known to be covered by health benefits or Medicare unless specific disclosures are made to the consumer. The bill introduces definitions for terms related to medical credit cards and outlines conditions for financial disclosures to consumers.

Additionally, the legislation allows consumers to return unused and undamaged ancillary products within thirty days for a full refund and clarifies that it does not interfere with existing agreements made by providers before October 1, 2026. The Commissioner of Consumer Protection is empowered to adopt regulations to implement these provisions, and violations will be considered unfair or deceptive trade practices under current consumer protection laws. The bill includes new legal language while deleting certain existing provisions related to these practices, aiming to enhance consumer protection and transparency in the healthcare payment process.