A. For purposes of this section, 'credit card payment' means a type of electronic funds transfer whereby:(1) a health insurance carrier issues a single-use series of numbers associated with the payment of services rendered by the provider and chargeable to a predetermined amount; and(2) the provider is responsible for processing the payment by using a credit card terminal or internet portal.B. A health insurance carrier shall not place restrictions on a provider regarding acceptable methods of payment, including designating credit card payments as the only acceptable form of payment.C. When transmitting a payment to a provider using an electronic funds transfer, other than one made through the automated clearinghouse network, a health insurance carrier:(1) shall not charge a fee to the provider solely to transmit a payment without the provider's consent;(2) shall notify the provider of any other fees associated with transmitting a payment; and(3) shall provide a provider with a fee-free method of transmitting a payment and provide instructions for utilizing the method.History: Laws 2023, ch. 169, § 10. ANNOTATIONSEffective dates. — Laws 2023, ch. l provide a provider with a fee-free method of transmitting a payment and provide instructions for utilizing the method.History: Laws 2023, ch. 169, § 10. ANNOTATIONSEffective dates. — Laws 2023, ch. 169 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 16, 2023, 90 days after adjournment of the legislature.Applicability. — Laws 2023, ch. 169, § 12 provided that the provisions of Laws 2023, ch. 169 apply to dental plans issued for delivery or renewed in this state on or after January 1, 2024.
New Mexico Legal Code