End of Year Transparency Deadlines
End of year transparency deadlines are quickly approaching. The Transparency Rules are a collection of regulations and statutory provisions intended to improve the health care industry and protect consumers…
On June 24, 2019, President Trump signed Executive Order Improving Price and Quality Transparency in American Healthcare to Put Patients First directing the Departments of Health and Human Services, Treasury and Labor (Departments) to develop regulations to require hospitals, healthcare providers, health insurance issuers, and self-insured group health plans to provide or facilitate access to information about expected out-of-pocket
costs for items or services to patients before they receive care. GBS Benefits will be sharing information about transparency here.
Navigating the New Transparency Laws – Matrix
There are a number of new health cost transparency obligations imposed upon employers that offer group health plans to employees. Although these rules have been overshadowed by COVID-19, these provisions will have a significant impact on health plans, similar to the impact of the Affordable Care Act (ACA). Although employers may engage third parties to…
Transparency in Healthcare Coverage: Proposed Rule Would Require Price Disclosure
Background On June 24, 2019, President Trump signed Executive Order Improving Price and Quality Transparency in American Healthcare to Put Patients First directing the Departments of Health and Human Services, Treasury and Labor (Departments) to develop regulations to require hospitals, healthcare providers, health insurance issuers, and self-insured group health plans to provide or facilitate access to information…
Final Rule on Health Care Transparency Issued
On Oct. 29, 2020, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) issued a final rule regarding transparency in coverage that imposes new transparency requirements on group health plans and health insurers in the individual and group markets. These provisions only apply to non-grandfathered coverage, including both insured and self-insured group…
Transparency Rules: What’s Next?
A number of new transparency-related rules impose new obligations upon employers that sponsor group health plans to their employees. GBS is committed to support you in your efforts to comply as new information becomes available and as new requirements go into effect. If you have any questions, or are looking for additional information, please reach…