We recently blogged about the new transparency rule that will require most group health plans and insurers to disclose price and cost-sharing information. The Transparency in Coverage rule has a phased in implementation that starts in 2022.
Employers do not typically have the data needed to comply with these rules so they will need to work closely with insurers, third-party administrators and point solutions to comply. Employer plan sponsors should begin by considering the following:
Look for a more detailed analysis of the final regulations later this month on our Law & Policy page.