Oklahoma Right to Shop Act; definitions; shared savings incentive program and insurance carrier obligations; effective date.

HB 1119 creates a voluntary program requiring Oklahoma health insurance companies to offer financial incentives to policyholders who choose providers charging less than the average rate the insurer pays for similar services. Enrollees can receive cash payments or credits toward deductibles if they use out-of-network providers with rates below the insurer's average allowed amount for that service, with incentives guaranteed to be at least 25% of the savings. Insurance companies must publicly list eligible services and providers, report program details to the state, and ensure enrollees' out-of-pocket costs don’t exceed in-network levels. The law takes effect November 1, 2025, and applies only to insurers offering this optional program.