Health Insurance Benefit Reporting Requirements - SB626
Summary
Virginia SB626 was signed into law by Governor Glenn Youngkin on April 6, 2026, becoming Chapter 188. The legislation requires the State Corporation Commission to maintain and publicly post an inventory of mandated health insurance benefits and providers. Health insurance carriers must now submit annual reports to the SCC on provider terminations and reinstatements. The bill consolidates existing reporting requirements related to balance billing and arbitration while repealing obsolete provisions from the Comparable Health Care Service Incentive Program and Virginia Health Savings Account Plan. The law takes effect July 1, 2026.
What changed
Virginia SB626 substantially modifies health insurance reporting requirements in the Commonwealth. The State Corporation Commission is now tasked with maintaining and publicly posting an inventory of all mandated health insurance benefits and providers—a new regulatory function. Health insurance carriers face new annual reporting obligations covering provider terminations and reinstatements, consolidating previous disparate reporting streams related to balance billing and arbitration. The legislation simultaneously repeals reporting requirements tied to the Comparable Health Care Service Incentive Program and Virginia Health Savings Account Plan, simplifying the regulatory landscape for certain legacy programs.
Health insurance carriers operating in Virginia must establish compliance infrastructure to meet annual reporting deadlines to the SCC. Insurers should audit current provider network data to prepare for the new disclosure regime. The SCC's public inventory requirement will increase transparency into mandated benefits, potentially influencing carrier product decisions and consumer access to information. Compliance teams should begin gap analyses immediately to ensure systems and processes are operational by the July 1, 2026 effective date.
What to do next
- Review SB626 requirements and assess current compliance posture
- Update internal reporting processes for annual provider termination/reinstatement filings to SCC
- Monitor SCC guidance on public benefit and provider inventory requirements
Archived snapshot
Apr 8, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
ChangeBridge / Virginia / SB626 Signed by Governor SB626 Senate Bill Signed by Governor 2026-04-06
Health insurance; reporting requirements.
Health insurance; reporting requirements. Amends various reporting requirements related to health insurance, including by requiring the State Corporation Commission to maintain and publicly post an inventory of mandated benefits and providers, requiring health carriers to report annually on provider terminations and reinstatements, and consolidating reports related to balance billing and arbitration. The bill repeals reporting requirements related to the Comparable Health Care Service Incentive Program and Virginia Health Savings Account Plan.
Bill Details
State Virginia
Session 2026 Regular Regular Session
Chamber Senate
Official Source lis.virginia.gov/bill-details/20261/SB626
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Sponsors
Mark Obenshain (Sen - R)
Action History
2026-04-06 Approved by Governor-Chapter 188 (effective 7/1/2026) 2026-04-06 Approved by Governor-Chapter 188 (effective 7/1/2026) 2026-03-10 Governor's Action Deadline 11:59 p.m., April 13, 2026 2026-03-10 S Enrolled Bill communicated to Governor on March 10, 2026 2026-03-02 S Fiscal Impact Statement from State Corporation Commission (SB626) 2026-02-26 S Signed by President 2026-02-26 H Signed by Speaker 2026-02-26 S Bill text as passed Senate and House (SB626ER) 2026-02-26 S Enrolled 2026-02-24 H Passed House (98-Y 0-N 0-A) 2026-02-24 H Read third time 2026-02-23 H Read second time 2026-02-19 H Reported from Labor and Commerce (20-Y 0-N) 2026-02-04 H Referred to Committee on Labor and Commerce 2026-02-04 H Read first time 2026-02-04 H Placed on Calendar 2026-01-30 S Read third time and passed Senate (38-Y 0-N 0-A) 2026-01-29 S Engrossed by Senate (Voice Vote) 2026-01-29 S Read second time 2026-01-28 S Passed by for the day 2026-01-28 S Passed by for the day Block Vote (Voice Vote) 2026-01-28 S Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) 2026-01-28 S Rules suspended 2026-01-26 S Reported from Commerce and Labor (15-Y 0-N) 2026-01-25 S Fiscal Impact Statement from State Corporation Commission (SB626) 2026-01-14 S Referred to Committee on Commerce and Labor 2026-01-14 S Prefiled and ordered printed; Offered 01-14-2026 26104533D
Votes
2026-01-28 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) Yea: 40 Nay: 0 2026-01-26 Reported from Commerce and Labor (15-Y 0-N) Yea: 15 Nay: 0 2026-01-30 Read third time and passed Senate (38-Y 0-N 0-A) Yea: 38 Nay: 0 2026-02-19 Reported from Labor and Commerce (20-Y 0-N) Yea: 20 Nay: 0 2026-02-24 Passed House (98-Y 0-N 0-A) Yea: 98 Nay: 0
Committee Referrals
2026-01-14 S Commerce and Labor 2026-02-04 H Labor and Commerce
Bill Text Versions
2026-01-14 Introduced 2026-02-26 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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