Transparency Disclosures
Non-grandfathered plans must provide certain information to HHS and the public, such as the following:
- Claims payment policies and practices;
- Data on specified topics (enrollment, disenrollment, claims denied, and rating practices);
- Financial disclosures;
- Information on cost-sharing and payments with respect to out-of-network coverage; and
- Information on participants' rights under Heath Care Reform.
The Health Care Reform law provides that this rule applies for plan years beginning on or after September 23, 2010. Federal guidance is expected to clarify the required content and effective date.
American Fidelity Assurance Company does not provide tax or legal advice.
ESB-923(0111)
