This bill establishes a formal procedure for the removal of a health care facility from a provider network, requiring both the carrier and the health care facility to provide electronic notice of potential removal to each other and to the Department of Banking and Insurance. The carrier must ensure continued coverage of claims for at least 15 business days following the notice, during which both parties are expected to negotiate in good faith. Additionally, notice must be issued to all subscribers and patients in the relevant counties, informing them of the negotiations and potential impacts of a failure to reach an agreement. This notice must also be prominently displayed on the respective websites and applications of both parties.

If negotiations fail after the 15-day period, a special enrollment period of 30 days will be opened for individuals in small employer or individual health benefits plans residing in the affected counties, allowing them to select new health benefits plans. During this special enrollment, the carrier must continue to cover claims from the health care facility network. If no agreement is reached by the end of the 15-day period, the carrier will treat claims from the health care facility as out-of-network, with the insured only responsible for a portion of the claims, while the carrier covers the remaining charges until the next open enrollment period or a new agreement is established.