Bill
S 2105
Overview: S 2105, Relates to the use of virtual credit cards by insurers and certain health care plans, SUBSTITUTED BY A3986A, Introduced June 18, 2025Purpose and Intent: This bill
Overview: S 2105, Relates to the use of virtual credit cards by insurers and certain health care plans, SUBSTITUTED BY A3986A, Introduced June 18, 2025
Purpose and Intent: This bill addresses the use of virtual credit cards by insurers and certain health care plans for provider reimbursements. The legislation aims to provide greater transparency and clarity around the fees and processing costs associated with these payment methods.
Key Provisions:
- Requires insurers and health care plans to disclose the fees and processing costs associated with virtual credit card payments to providers
- Prohibits insurers and plans from requiring providers to accept virtual credit card payments as the sole method of reimbursement
- Mandates the development of standardized disclosure forms and notification requirements for virtual credit card payments
Affected Parties and Impacts: The bill primarily affects health care providers, who may face increased costs and administrative burdens due to the use of virtual credit cards for reimbursements. Patients could also be impacted if providers pass on these additional costs through higher medical fees or reduced services.
Procedural and Timeline Considerations: The original bill (S 2105) has been substituted by a new version (A3986A), which is currently under consideration by the state legislature. If passed, the new law would take effect within a specified timeframe, likely 6-12 months, to allow for the development of the required disclosure forms and notification processes.
Compiled from official sources — confirm details with the bill’s official record.
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