This bill establishes a new section in the Oklahoma Statutes, specifically Section 4005 of Title 56, which defines key terms related to Medicaid reimbursements for cognitive assessment and care planning services. It clarifies that "cognitive assessment and care planning services" refers to services identified by the Current Procedural Terminology billing code 99483, as defined by the American Medical Association. Additionally, it reiterates the definitions of "contracted entity" and "Oklahoma Medicaid Program" as per existing statutes.

Furthermore, the bill mandates that the Oklahoma Medicaid Program or any contracted entity must provide reimbursement for benefits delivered through the specified cognitive assessment and care planning services. The act is set to take effect on November 1, 2025.