On April 19, 2022, the Departments of Labor, Health and Human Services, and the Treasury issued additional guidance under the Transparency in Coverage Final Rules issued in 2020. The guidance, FAQs About Affordable Care Act Implementation Part 53, provides a safe harbor for disclosing in-network healthcare costs that cannot be expressed as a dollar
transparency in coverage
It’s Almost the End of 2021. Do You Know Where Your Healthcare Dollars Go?
Posted in ACA, Affordable Care Act, Consolidated Appropriations Act, Dealing with the IRS on Employee Benefit Issues, DOL, Employee count, Employee Health & Welfare Plans, Employer Health and Welfare Plan, HRA, IRS, pharmacy benefit Manager, Prescription Drug and Healthcare Spending, transparency in coverage
The CAA Transparency Rules Will Let Plans and Participants Know. The Department of Labor, Health and Human Services, and the IRS (collectively the Departments) recently released the Interim Final Rules with a request for Comment (IFC), Prescription Drug and Health Care Spending. These rules implement Section 204, Title II, another phase of the transparency provisions…
Stimulating Consumerism in Health Care By Revealing Costs
By Monique Warren on
When is the last time one of your employees asked how much an in-network physician’s visit would cost? How much does a blood test cost at the hospital to which your doctor referred you, compared to the same blood test at another facility you could use? Why haven’t consumers who spend hours shopping for the…