This bill aims to enhance the administration of vision benefits by amending existing laws and introducing new regulations regarding vision benefit managers and health carriers offering vision coverage. Key provisions include the definition of a "vision benefit manager," which is established to oversee the determination and utilization of benefits related to vision services and materials. The bill prohibits vision benefit managers from providing different reimbursement amounts for covered vision services among providers of the same profession, requiring providers to purchase from suppliers in which the manager has a financial interest, and imposing excessive cost-sharing on enrollees. Additionally, it mandates that reimbursement for services provided by optometrists must not be less than that for ophthalmologists for the same services.

Furthermore, the bill extends similar prohibitions to health carriers and limited health care service contractors offering vision coverage, ensuring consistency in reimbursement practices and provider treatment across the board. It also clarifies the definitions of "health plan" and "vision materials" to ensure comprehensive understanding and compliance. The bill includes provisions for the insurance commissioner to adopt necessary rules for implementation and sets an effective date of January 1, 2026, for the new regulations.