An Act relating to insurance; establishing standards for health insurance provider networks; and providing for an effective date.

SB 122 requires Alaska health insurance companies to maintain provider networks that include a minimum percentage of medical providers in each of six defined regions. Insurers must cover at least 85% of providers in Anchorage, 90% in two other regions, and 95% in the remaining areas for each medical specialty. The bill also mandates that networks include all licensed hospitals, mental health facilities, and Alaska tribal health organizations, along with their employed staff. This ensures Alaskans with health insurance have access to a broader range of in-network health care providers.