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If legal advice counsel or representation is needed, the services of a legal professional should be sought. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. REGISTER HEREĭISCLAIMER: Brown & Brown, Inc. Presented by the Brown & Brown Regulatory & Legislative Strategy Group. Highlight issues to consider if relying on third parties to comply with the requirements.Review of price comparison tool requirements effective in 2023.Discussion of the prescription drug reports due in December 2022.Review of the machine-readable file posting requirements that were effective in July 2022.

A brief overview of each transparency requirement applicable to group health plans and their effective dates.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. 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. 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. 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.