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Clearing the Air on Transparency Regulations

Under the new Federal Transparency in Coverage and No Surprises Act rules, plan sponsors are now responsible for a variety of new reporting and disclosure requirements that aim to improve transparency within the health care industry. These new rules generally require group medical plan sponsors (e.g., employers) to increase transparency within their health plans by disclosing their health care costs and coverages to the government, the public and plan participants.

This webinar will help identify key health plan transparency requirements, including the prescription drug cost reporting requirement with which plans must comply by December 27, 2022. The webinar will also provide information regarding a plan sponsor’s ability to delegate some of these compliance requirements to third parties such as insurance carriers, third party administrators and/or pharmacy benefit managers.

Key items we will discuss:

  • A brief overview of each transparency requirement applicable to group health plans and their effective dates
  • Review of the machine-readable file posting requirements that were effective in July 2022
  • Discussion of the prescription drug reports due in December 2022
  • Review of price comparison tool requirements effective in 2023
  • Highlight issues to consider if relying on third parties to comply with the requirements

Attend & Earn 1.0 SHRM and HRCI Credit

Presented by the Brown & Brown Regulatory & Legislative Strategy Group.

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DISCLAIMER: Brown & Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown & Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.

Date & Time

Date:
September 15
Time:
11:00 am - 12:00 pm CDT

Location

Virtual