Document dated Mar. 21, 2025, was received on Apr. 7, 2025, due to a fixed feed.
Bill Provisions
Insurer must notify the provider in the provider contract if the carrier uses a payment method that imposes a transaction or processing fee or similar charge on the provider.
Must offer provider an alternative payment method in which the carrier, or entity completing a transaction on behalf of carrier, does not impose such fee/similar charge.
If provider elects to accept alternative payment method and has provided all required information to enroll in alternative method, carrier shall pay claim using such method.
Legislative History
On Jan. 20, 2025, bill was introduced in House; on Jan. 22, 2025, bill passed House.
On Jan. 23, 2025, bill was introduced in Senate; on Feb. 13, 2025, bill passed Senate.
On Mar. 21, 2025, bill was signed into law by the governor, bill assged Chapter 236.
Effectiveness
Act is effective Jul. 1, 2025.
Regulators
VA LEG
Entity Types
Ins
Reference
Ch. 236, Bill SB925, HB2085, 3/21/2025; Citation: VA INS 38.2-34-1-38.2-3407.15;
