WI SB367

Insurers offering disability insurance policies are prohibited from requiring health care providers to accept virtual credit card payments for reimbursement.

Before issuing a first-time virtual credit card payment to a provider, insurers must notify the provider that additional fees may apply and provide clear instructions for selecting alternative payment methods.

Insurers and contracted vendors cannot charge fees solely for transmitting payments under federal HIPAA standards (45 CFR 162.1602) unless the health care provider consents to the fee.

Virtual credit card payments are defined as single-use electronic number sequences that providers must process through credit card terminals or internet portals, expiring upon use.

Payment method requirements cannot be waived by contract, and any contract provisions contrary to these protections are void and unenforceable.