Employer reporting requirements and penalties for non-compliance are due in March. The IRS released instructions and 1094/1095-B and C Forms for the 2020 tax year.
Beginning in 2022 certain non-network providers, high cost air ambulances and ancillary providers for emergency services will be prohibited from balance billing for surprise services without consent. The law applies to group health plans and health insurance carriers in the individual and group markets .
In the Fall of 2020, the Transparency in Coverage final rules were issued. The Final Rule establishes requirements for the disclosure on group health plans and health insurers in the individual and group markets with the objective of putting health care price information in the hands of consumers.