VA SB 626: Health insurance; reporting requirements.

Virginia SB 626, enacted as Acts of Assembly Chapter 0188, amends and reenacts §§ 2.2-2818, 38.2-3445.02, 38.2-3462, 38.2-4214, 38.2-4319, and 38.2-5904 of the Code of Virginia, and adds a new section 38.2-3419.2 in Article 2 of Chapter 34 of Title 38.2. The bill relates to health insurance reporting requirements and makes several distinct changes to the existing regulatory framework.

The legislation requires the State Corporation Commission to maintain and publicly post an inventory of mandated benefits and providers. It also requires health carriers to report annually on provider terminations and reinstatements.

The bill consolidates reports related to balance billing and arbitration into a unified reporting structure. These changes collectively modify the information health carriers must submit to the State Corporation Commission under Virginia's insurance regulatory framework.

The bill repeals three existing code sections: § 38.2-3419.1, § 38.2-3445.2, and § 38.2-5601. The repealed provisions include reporting requirements related to the Comparable Health Care Service Incentive Program and the Virginia Health Savings Account Plan.