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February 9, 2021 Webinar: Complying with the Final Rules on Transparency in Group Health Plan Coverage
On October 29, 2020, the IRS, DOL and the HHS, released final rules on coverage transparency for group health plans that will begin to take effect on January 1, 2022. The final rules will require group health plans and insurance issuers in the group markets to disclose cost-sharing information and negotiated rates. This webinar will help employers understand the final rules and the steps an employer should take to prepare to be compliant.
This webinar will:
Describe the overall purpose of the final rules
Describe the types of plans and coverage that are not subject to the final rules
Describe the public disclosure of negotiated rates and historical allowed amounts requirement and what is required by January 1, 2022
Describe the disclosure of cost information requirement, how plans may estimate cost-sharing liability, what is required by January 1, 2023 and what is required by January 1, 2024
Describe the two required methods for disclosing the cost-sharing information
Describe the good faith safe harbor that plan sponsors can rely on when complying with the final rules
Provide an overview of the steps plan sponsors should begin taking to prepare for compliance with the final rules
This 60 minute intermediate level webinar will provide employers with an overview of the transparency in coverage final rules and help them prepare to be compliant by 2022 and the years following.
Lorie Maring is a partner in the Atlanta office of Fisher and Phillips and a member of the Employee Benefits Practice Group. She has extensive experience in all areas of employee benefits, including health and welfare programs, qualified and non-qualified retirement plans and executive compensation. She routinely advises employers, including non-profit and government employers, trade associations and employee benefit insurance and risk management consultants on the complex compliance and day-to-day issues arising under ERISA and other state and federal laws governing employee benefit plans and programs.
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You are much more than an account or a customer at Dennis Insurance Group!
You are our client and we are your partner; it is about understanding your world, your culture and your people.90% of your assets walk out of the door every night, we can help you make sure they come back. This is reflected in our responsiveness to questions from management and employees alike, in how we thoroughly explain benefits packages, helping employees thoroughly understand their benefits, filing claims appeals and ensuring they are paid when necessary.This is also seen in our expertise on employment and tax related issues and our constant pursuit of making your life easier.
These things are made possible through our investment in our business – our investment to you – as a proud owner of United Benefit Advisors (UBA).By combining diverse talents, seasoned experience, innovative technologies and strategic partnerships, UBA firms offer employers exceptional employee benefits advisory services that are unmatched in the industry.As trusted advisors, UBA firms help their clients manage over $16 billion annually in employee benefit expenditures on behalf of 10 million members.
Through UBA, we have the technology available for all clients, large and small, to be able to streamline processes and communicate effectively with our office and your employees.Through our ownership and affiliation with UBA, we remain on the cutting-edge of trends, technology and legal issues that affect our clients.
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