Requires carriers to offer health care providers more than one method of payment for reimbursement.

S 776 requires health insurance carriers in New Jersey to offer healthcare providers (like doctors, dentists, and hospitals) multiple payment options - such as electronic transfers, checks, or credit cards - for reimbursement, rather than mandating just one method. It prohibits carriers from restricting out-of-network providers to a single payment method and mandates that carriers disclose any fees for specific payment methods before the first payment or when changing methods. The bill also requires carriers to implement provider-requested payment method changes within 30 business days and bans using a provider’s preferred payment method as a factor in credentialing decisions. Violations could result in civil penalties and reimbursement for providers’ documented fees.