New Mexico § 13-7-44 - Dental coverage; methods of payment

§ 13-7-44. Dental coverage; methods of payment

A. For purposes of this section, “ credit card payment ” means a type of electronic funds transfer whereby: (1) an insurer issues a single-use series of numbers associated with the payment of

services rendered by the provider and chargeable to a predetermined amount; and (2) the provider is responsible for processing the payment by using a credit card

terminal or internet portal. B. Group coverage, including any form of self-insurance, offered, issued or renewed

under the Health Care Purchasing Act that offers a dental plan shall not place restrictions

on a provider regarding acceptable methods of payment, including designating credit

card payments as the only acceptable form of payment. C. When transmitting a payment to a provider using an electronic funds transfer, other

than one made through the automated clearinghouse network, an insurer: (1) shall not charge a fee to the provider solely to transmit a payment without the

provider's consent; (2) shall notify the provider of any other fees associated with transmitting a payment;

and (3) shall provide a provider with a fee-free method of transmitting a payment and

provide instructions for utilizing the method.