Arbitration of Health Insurance Claims
SB24-163
LAST ACTION: 03/28/2024 | Senate Committee on Health & Human Services Postpone Indefinitely
Concerning the arbitration requirement for batching out-of-network health insurance claims.
SESSION: 2024 Regular Session
SUBJECT: Insurance
BILL SUMMARY
The bill makes changes to the arbitration requirements for out-of-network health insurance claims by requiring the arbitration process to include a batching process, by which multiple claims may be considered jointly and under the same arbitration fee as part of one payment determination in alignment with federal law. The commissioner of insurance is required to promulgate rules that specify the information each insurance carrier is required to submit to a provider with the initial payment of a claim.
(Note: This summary applies to this bill as introduced.)