VISION BENEFIT MANAGERS

Amends the Vision Care Plan Regulation Act. Makes changes in provisions concerning defined terms and noncovered services. Requires a vision care organization, before entering into a provider agreement, to inform the eye care provider on how to access the fee schedule using the specified methods. Requires a vision care organization to make an updated copy of a fee schedule available to the eye care provider every calendar quarter. Provides that a vision care organization shall not prohibit an eye care provider from offering a cash payment option to the enrollee if the cash payment option is less costly to the enrollee than the total out-of-pocket cost of the covered service or covered material. Sets forth provisions concerning vision care plan benefits, misrepresentation, modification of a provider agreement, and medical plan preconditions. Provides that a vision care organization shall not require an eye care provider to contract for services under a vision care discount plan as a condition of contracting for services under a provider agreement. Prohibits a vision care organization from requiring an eye care provider to establish a security interest in any property or assets of the eye care provider. Prohibits a vision care organization from retaliating against an eye care provider for exercising any rights under the Act. Amends the Consumer Fraud and Deceptive Business Practices Act. Repeals a provision that construes a violation of the Vision Care Plan Regulation Act to be an unlawful practice under the Act. Effective January 1, 2027.