STATE OF NEW YORK ________________________________________________________________________ 9019 IN ASSEMBLY February 5, 2024 ___________ Introduced by M. of A. WOERNER, THIELE, GLICK -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to required terms for certain insurance contracts The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 3 of subsection (e) of section 3217-b of the 2 insurance law, as added by chapter 586 of the laws of 1998, is amended 3 and three new subparagraphs 3-a, 3-b and 3-c are added to read as 4 follows: 5 (3) a description of the records or information relied upon to calcu- 6 late any such payments and adjustments, including the date of service, 7 patient identification number, an identification of the service for 8 which the payment is made, the reimbursement paid by the insurer for the 9 service, and a description of how the provider can access a summary of 10 such calculations and adjustments; 11 (3-a) the permissible payment methods as cash, check, direct deposit, 12 debit or credit card or online payment system, provided the health care 13 provider can access his or her payment in full, without encumbrances, 14 costs, charges, or fees, including a fee for replacement of a lost or 15 stolen check; 16 (3-b) the advance written consent of a provider to the insurer for the 17 method of payment and to directly pay or deposit payments in a bank or 18 other financial institution of the provider's choosing; 19 (3-c) the insurer's annual obligation, beginning on the effective date 20 of this paragraph and continuing every first of January thereafter, to 21 provide the health care provider with an updated payment rate schedule, 22 including a description of any services bundled within a single rate, 23 and the median rate paid by the insurer for comparable services within 24 the provider's service area; 25 § 2. This act shall take effect on the thirtieth day after it shall 26 have become a law and shall apply to all contracts entered into, 27 renewed, modified or amended on or after such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14217-01-4