New Benefit Plan Compensation Disclosure Requirements

Denise GillinHealth Benefits, News

By Scott Sinder and Kate Jensen for

On Dec. 27, 2020, the “Consolidated Appropriations Act of 2021” was signed into law. The 5,593-page missive includes the “No Surprises Act,” which encompasses a host of new healthcare payment-related initiatives of particular interest to us.

Section 202 of the act dictates that, effective Dec. 27, 2021 (more on that in a moment), a “covered plan” shall not agree to any “contract or arrangement for services” or to any “extension or renewal of such contract or arrangement” with a “covered service provider” unless the new disclosure obligations it imposes have been satisfied.

Read who must make the new requisite disclosures, to whom, and when>>>

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