The U.S Departments of Labor, Health and Human Services, and Treasury (the Departments) released an FAQ providing guidance on the implementation of certain provisions of the Consolidated Appropriations Act, 2021 (CAA) and the Transparency in Coverage Final Rules (TiC Rules). Learn more on the FAQ and its potential effects on plan sponsors and participants, covering:
Price comparison tool
Advanced explanation of benefits and good faith estimate
Pharmacy and drug cost reporting
TIC rules–Machine-readable files
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Delayed enforcement of certain provisions of the No Surprises Act and Transparency in Coverage Final Rule
Learn more on the recently released FAQ and its potential effects on plan sponsors and participants.