The New York Department of Financial Services on Tuesday finalized regulations limiting the amount that insurers can reimburse policyholders for health care services performed outside of the state. The new rule is in an effort to bolster the state's no-fault insurance law that provides reimbursement of medical expenses and lost wages.
October 10, 2017 at 06:02 PM
1 minute read
The New York Department of Financial Services on Tuesday finalized regulations limiting the amount that insurers can reimburse policyholders for health care services performed outside of the state.
The new regulation, which was first proposed in May, is in an effort to bolster the state’s no-fault insurance law that provides reimbursement of medical expenses and lost wages for a policyholder who is injured in a vehicle accident regardless of who is at fault.
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