A final rule issued by HHS, DOL, and IRS in 2020 begins to take effect on July 1, 2022. On this date, group health plans and insurers in the individual and group markets must disclose information about in-network and out-of-network provider rates, allowable amounts, and billed charges. Other parts of the rule become effective in 2023 and 2024. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.