By way of background, the Affordable Care Act (ACA) created the Patient-Centered Outcomes Research Institute (PCORI) to study clinical effectiveness and health outcomes. To finance the Institute’s work, a small annual fee—commonly called the PCORI fee—is charged on group health plans. Grandfathered health plans are not exempt. Most employers do not have to take any • Read More »
Transparency Rules Require Plan Sponsors to Act Now Before July 1 DeadlineMay 4, 2022 | By Cleveland Benefits Partners | Comments Off on Transparency Rules Require Plan Sponsors to Act Now Before July 1 Deadline | Filed in: Compliance, Health Care Cost, Health Insurance, Price Transparency.
The Departments of Health and Human Services, Labor, and Treasury (the Departments) released Transparency in Coverage (TiC) rules in late 2020 that will require fully insured and self-funded plan sponsors of non-grandfathered group health plans to make important disclosures about in-network and out-of-network rates beginning July 1, 2022. To be ready to meet that deadline, • Read More »
Tags: Transparency in Coverage