VISION BENEFIT MANAGERS

Summary

The bill creates a new Vision Benefit Managers Article in the Illinois Insurance Code, mandating that any vision benefit manager register with the Department of Insurance by July 1 2026. It also rewrites the Vision Care Plan Regulation Act—renamed the Vision Benefit Manager Regulation Act—to establish standards for fee schedules, non‑covered services, provider agreements, and audits. Money collected under the new registration requirements will be deposited into a special Low‑Income Student Vision Examination Fund.

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