NYS Senate and Assembly Pass Virtual Credit Card Bill
Today’s Big, Breaking News: Senate and Assembly Pass Insurance Payment Bill That Improves Provider Choice!
More breaking news from Albany, where they’re heading into the homestretch of the 2025 regular legislative session.
Both the Senate and Assembly have passed another one of NYSCA's 2025 legislative priorities, requiring any insurer that uses a credit card, virtual credit card, or electronic funds to pay a provider's claim for reimbursement to notify the provider in advance if there is a fee to process the payment and provide an alternative payment method that does not impose a fee.
As you are aware, many insurance companies are now paying claims with the use of these methods and charging the provider's a fee, which reduces the provider's net receipts. Heretofore, providers have had essentially no recourse; they just had to eat the fees. Now, the insurer or their third party payment agent will have to provide a form for the provider to sign that the provider agrees to accept payment with fees by any of these methods. The provider can opt-in or opt-out, at their discretion. That’s a real choice and a big win for healthcare providers, including chiropractors.
This bill (A3986/S2105) will now be sent to the Governor. We will continue to monitor the status of this legislation and will report additional activity when appropriate. In the meantime, stay tuned for additional updates from Albany.
