This bill amends Section 1219.6 of Title 36 of the Oklahoma Statutes, which pertains to health insurance payment methods to providers. It introduces new requirements for health insurers and health maintenance organizations regarding payment methods, specifically emphasizing the need for transparency in fees associated with credit card and electronic funds transfer payments. The bill mandates that when initiating or changing payments, insurers must notify health care providers of any fees related to the payment method and provide clear instructions on selecting preferred payment options. Additionally, it prohibits health insurance plans from restricting payment methods solely to credit card payments.

Furthermore, the bill requires health insurers to submit an annual report to the Insurance Department starting January 1, 2026, detailing the percentage of payments made by credit card and electronic funds transfer, as well as the total amount of payments reduced to cover associated fees. It also clarifies that any contractual clauses that conflict with these provisions are void, ensuring that the requirements cannot be waived by contract. The bill is set to take effect on November 1, 2025.