S 3570
Requires availability of electronic fund transfers by health insurance carriers to reimburse covered persons.
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- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill requires New Jersey health insurance carriers to offer reimbursement payments to covered individuals through electronic fund transfers. Carriers must notify covered individuals about any fees associated with these electronic transfers and provide instructions on how to select this payment method on their websites. The Department of Banking and Insurance can enforce this law and impose penalties for violations.
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