Health Insurance - Vision Benefits - Regulation of Insurers and Vision Benefit Managers

SB 795 establishes new regulations for vision insurance benefits in Maryland. It requires insurers and vision benefit managers to publicly disclose specific information on their websites, including their legal details, regulatory oversight, and contact information. The bill sets standards for contracts between these companies and eye care providers (like optometrists and ophthalmologists), including rules for reimbursement rates, provider inclusion procedures, and prohibitions on certain restrictive contract terms. These changes directly affect vision benefit plan providers, eye care professionals, and enrollees who use vision insurance coverage. The law creates a new regulatory framework under Maryland’s Insurance Article to standardize vision benefit offerings and transparency.