New Mexico Statutes 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:
Terms Used In New Mexico Statutes 13-7-44
- Electronic funds transfer: The transfer of money between accounts by consumer electronic systems-such as automated teller machines (ATMs) and electronic payment of bills-rather than by check or cash. (Wire transfers, checks, drafts, and paper instruments do not fall into this category.) Source: OCC
(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.