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New Transparency Requirements for Health Plans

AssuredPartners

This rule, entitled Transparency in Coverage, requires group health insurance carriers and self-insured plans to disclose rates and cost-sharing information for all covered items and services. Insurance cards must include in-network and out-of-network deductibles and out-of-pocket maximums.

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New Health Plan Prescription Drug Reporting Mandate

AssuredPartners

For fully insured plans, health insurance carriers will be responsible for making the necessary reporting from a legal standpoint. to promote prescription drug pricing transparency and (b) promote competition that can combat the high cost of prescription drugs. Why is there a prescription drug reporting mandate?