NE LB987

Creates comprehensive regulations for vision benefit plans, vision benefit managers, and insurers operating in Nebraska, with an operative date of July 1, 2026

Requires insurers and vision benefit managers to publicly disclose company information, litigation history, and complaints on their websites and in all plan documents, with 90-day notice requirements for any proposed changes to provider agreements

Prohibits insurers from requiring eye care providers to use specific optical laboratories or suppliers, from conditioning network participation on acceptance of multiple plans, and from using extrapolation methods in provider audits

Mandates that fee schedules cannot be nominal or de minimis, must use standardized Healthcare Common Procedure Coding System codes, and prohibits chargebacks or downcoding that would reduce provider reimbursements

Establishes credentialing timelines (30 business days for determination, 20 business days to list approved providers) and prohibits retaliation against providers who negotiate contract terms or file complaints with the Department of Insurance