AK SB4

Requires health insurers to provide price comparison tools via telephone and website, allowing consumers to compare out-of-pocket costs for specific services across different in-network providers

Mandates insurers create incentive programs that pay consumers cash rewards for choosing providers charging below the median contracted rate for a given service

Sets minimum incentive payments: 33.4% of savings to the employee and 33.3% to the employer for group plans; 50% of savings to the individual for individual market plans

Insurers are not required to provide incentives when savings are $200 or less; payments to out-of-network providers that save money must count toward in-network cost-sharing limits

Takes effect January 1, 2026, and applies to health, dental, and vision insurance policies in the group and individual markets