SB4

What it does

• Requires insurers to provide a price comparison tool online and by phone so patients can compare costs for services from different providers.
• Mandates that insurers pay an incentive if a patient chooses a provider charging less than the median contracted rate for a service.
• Sets rules saying group plan members get at least 33.4% of savings as rewards, while individual plan members get at least 50% of savings.
• Allows out-of-network providers used in this program to count toward a patient's deductible or coinsurance limits like an in-network provider would.
• Requires insurers to file details about their reward programs with the state director before starting them.