September 4, 2019
In July, the Centers for Medicare and Medicaid (CMS) proposed rules that would require all Medicare-participating hospitals to post their negotiated prices for standard health care services.
The proposed rule is intended to increase pricing transparency and help consumers understand the charges they may incur before receiving care.
These are just proposed rules at the moment, which means no changes will be made effective until the rules are finalized. The agency is currently asking for comments on the proposed rule. The deadline for submitting comments is Sept. 27, 2019.
We will continue to monitor and keep you updated on these developments.
To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2020. Employers should review their plan documents to confirm that they include these required changes.
In addition, any changes to a health plan’s benefits for the 2020 plan year should be communicated to plan participants through an updated summary plan description (SPD) or a summary of material modifications (SMM).
Health plan sponsors should also confirm that their open enrollment materials contain certain required participant notices, when applicable—for example, the summary of benefits and coverage (SBC). There are also some participant notices that must be provided annually or upon initial enrollment.
- Annual CHIP notice
- Medicare Part D creditable coverage notice
- Notice of grandfathered status (if applicable)
- Annual notice regarding coverage requirements for mastectomy-related benefits (WHCRA notice)
Don’t wait any longer to review your plans. Contact Consociate Health for a full list of 2020 plan changes and requirements.
August 15, 2019
This week, Consociate Health celebrates our 9-year anniversary with Ault International Medical Management.
Thank you Nurse Deb Ault and Chris Ault for a productive day planning our future to disrupt the industry, not the employees.
We are grateful for this impactful strategic partnership with AIMM that has delivered impressive ROI results, and look forward to what it will bring to both of our organizations in the next 9 years.
August 5, 2019
Health officials issued a final rule that expands the usability of health reimbursement arrangements (HRAs).
Effective in 2020, the final rule establishes two new types of HRAs:
Individual Coverage HRA: Allows employers to offer an HRA to be used to reimburse the cost of individual market premiums on a tax-preferred basis, subject to certain conditions, as an alternative to traditional group health plan coverage.
Excepted Benefits HRA: Allows employers that offer traditional group coverage to provide an HRA of up to $1,800 per year (as adjusted) to reimburse certain qualified medical expenses.
Talk to us to learn more about the specifics of these new plan designs.