The Vision Benefit Plan Act aims to create a comprehensive regulatory framework for vision benefit plans in Nebraska, focusing on enhancing transparency and protecting the rights of enrollees and eye care providers. The bill introduces definitions for key terms such as "enrollee," "covered services," and "vision benefit manager," and mandates that insurers and vision benefit managers disclose essential operational information on their websites. It requires a minimum ninety-day review period for proposed amendments to provider agreements and prohibits fees for services or materials unless explicitly defined as covered services. Additionally, the bill emphasizes the use of standardized coding systems for covered services to ensure clarity in communication.

The legislation also establishes protections for eye care providers, including prohibiting insurers from controlling their professional judgment and ensuring equal reimbursement for optometrists and physicians. It mandates clear credentialing processes and protects providers from retaliatory actions for negotiating contract terms. The bill outlines enforcement mechanisms, categorizing violations as unfair trade practices subject to penalties, and assigns the Director of Insurance and the Attorney General to oversee compliance. The act will apply to all relevant policies and contracts issued or renewed after July 1, 2026, with provisions for immediate effect due to a declared emergency. Overall, the Vision Benefit Plan Act seeks to create a fairer and more transparent vision care marketplace in Nebraska.