A3986 · 2025–2026
Relates to the use of virtual credit cards by insurers and certain health care plans
Signed into law, Chapter 647 of 2025
Regulates how insurers pay providers electronically: addresses claim payments made by credit card, 'virtual credit card,' or electronic funds transfer that impose processing fees on the provider, and defines a virtual credit card as a single-use number linked to a fixed payment amount. (Auto-generated summary)
Official record
Official summary · NYS Open LegislationAuthorizes an insurer to pay a claim for reimbursement made by a provider using a credit card, virtual credit card or electronic funds transfer payment method that imposes on the provider a free or similar charge to process the payment; defines "virtual credit card" as a single-use series of numbers linked to a fixed dollar amount and provided by an insurer to a provider for the purpose of paying a claim for health care services performed by the provider; makes related provisions.
What it does: AN ACT to amend the insurance law and the public health law, in relation to the use of virtual credit cards by insurers and certain health care plans
Legislative history
- 2025-01-30Assembly: REFERRED TO INSURANCE
- 2025-05-16Assembly: AMEND AND RECOMMIT TO INSURANCE
- 2025-05-16Assembly: PRINT NUMBER 3986A
- 2025-05-20Assembly: REPORTED REFERRED TO RULES
- 2025-05-27Assembly: REPORTED
- 2025-05-27Assembly: RULES REPORT CAL.263
- 2025-05-27Assembly: ORDERED TO THIRD READING RULES CAL.263
- 2025-05-27Assembly: PASSED ASSEMBLY
- 2025-05-27Assembly: DELIVERED TO SENATE
- 2025-05-27Senate: REFERRED TO INSURANCE
- 2025-06-11Senate: SUBSTITUTED FOR S2105A
- 2025-06-11Senate: 3RD READING CAL.1801
- 2025-06-11Senate: PASSED SENATE
- 2025-06-11Senate: RETURNED TO ASSEMBLY
- 2025-12-08Assembly: DELIVERED TO GOVERNOR
- 2025-12-19Assembly: SIGNED CHAP.647
- 2025-12-19Assembly: APPROVAL MEMO.31
Recorded votes
- 2025-06-11FLOOR: EXC 4, AYE 59