Assignment of Benefits Bill Advances
The Assembly Financial Institutions and Insurance Committee released A132 (Assignment of Benefits) today. In a unanimous vote, the committee approved the legislation and adopted amendments to the bill where insurers may issue checks jointly payable to the insured and the healthcare provider. The checks will be physically issued to the healthcare provider.
The other amendment lengthened the effective date of the legislation from three months to one year.
The bill is scheduled for a vote by the full Assembly on Thursday. The Senate will need to adopt the Assembly amendments before the bill moves to the Governor’s Office.