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NJ S3570
Bill
Status
2/19/2026
Primary Sponsor
Linda Greenstein
Click for details
AI Summary
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Health insurance carriers in New Jersey must offer electronic funds transfer (EFT) as a reimbursement payment option for covered persons
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Carriers must notify covered persons in their health benefits plan if EFT reimbursements have associated fees and provide website instructions for selecting EFT payments
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Department of Banking and Insurance enforces violations, with civil penalties and required reimbursement to covered persons for fees incurred due to violations
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Applies to insurance companies, health service corporations, HMOs, and dental plan organizations authorized in New Jersey
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Takes effect 90 days after enactment and applies to claims under health benefits plans initiated or renewed after the effective date
Legislative Description
Requires availability of electronic fund transfers by health insurance carriers to reimburse covered persons.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
2/19/2026