Health insurance; carrier business practices; method of payment for transactions. Requires a health insurance carrier to notify the provider in a provider contract if the carrier, or entity completing a transaction on behalf of the carrier, uses a payment method that imposes a transaction or processing fee or similar charge on the provider and to offer the provider an alternative payment method that does not impose such a fee or similar charge. If the provider elects to accept the alternative payment method and has provided all required information to the carrier to enroll in such alternative method, the bill specifies that the carrier is required to pay the claim using such alternative payment method. This bill is identical to HB 2085.

Statutes affected:
Introduced: 38.2-3407.15
Commerce and Labor Substitute : 38.2-3407.15
Enrolled: 38.2-3407.15