NY S02105

Requires insurers and health care plans to notify providers in advance of any fees associated with credit card, virtual credit card, or electronic funds transfer payment methods before using them for claim reimbursements

Mandates that insurers offer providers an alternative fee-free payment method, and providers must affirmatively elect to accept payment methods that impose processing fees

Defines "virtual credit card" as a single-use series of numbers linked to a fixed dollar amount used by insurers to pay providers for health care services

Prohibits insurers from charging fees solely to transmit electronic funds transfers unless the provider consents to the fee

Applies to insurers, health insurance corporations, and health care plans, with vendors contracted to process payments also required to comply with these provisions

Takes effect 180 days after becoming law and applies to policies issued, renewed, modified, or amended after that date