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Our Take on the No Surprises Act, Transparency in Coverage Rule
An extraordinary transformation in commercial health insurance will begin on January 1 when the federal regulations known as the No Surprises Act and the Transparency in Coverage Rule usher in a new market-driven healthcare system. Many in the health insurance ecosystem view the requirements as hopelessly complex and onerous. Not us. TALON views these mandates…
Read MoreTALON To Present Expert Insights On No Surprises Act, Transparency in Coverage Rule Compliance and Safe Harbor. LinkedIn Live Webinar, Thursday, Jan. 20th 2:00 PM EST
Join us on Thursday, January 20th for TALON’s first webinar in our series highlighting how to understand, assess, and prepare for this transformative legislation. TALON will highlight the critical steps to ensure compliance for key commercial health insurance stakeholders; employers and employees; plan advisors and brokers; and third-party administrators, ASOs, and insurance carriers. The webinar…
Read MoreTALON Publishes Planning Guide For No Surprises Act, Transparency in Coverage Compliance
Addressing the need for employers, commercial health insurance advisors and brokers, third-party administrators, ASOs and carriers to find clarity and a path forward regarding numerous mandates contained within the No Surprises Act and Transparency in Coverage Rule, TALON has published its Planning Guide, Ensuring Compliance with the No Surprises Act and Transparency in Coverage Rule.…
Read MoreConsumer Protections are coming to Healthcare
The No Surprises Act prohibits balance billing in the case of surprise medical bills — those for non-emergency services furnished by out-of-network providers during a visit by the patient at an in-network facility — unless the law’s notice and consent requirements are met, according to the Interim Final Rule published earlier this summer. Out-of-network providers…
Read MoreTrue Price Transparency means “No Surprises”
TALON defines healthcare “price transparency” to be accurate and easily accessible information intuitively presented on the price of health care services and items that helps define the value of those services, enabling patients and other healthcare cost stakeholders to identify, compare, and choose providers based on cost, quality, and convenience. It is important to note…
Read MorePassive Healthcare Consumers = Exploited Healthcare Consumers
I’ve written previously about the blight of complacency that has descended upon employer-sponsored health insurance. Much of the growth of the unsustainable cost-curve experienced by employers and their employees arises from the complacency of benefit advisors, employers, and their employees. Employee benefit costs—namely, healthcare—appear as the second largest expense item for many employers. Yet benefit…
Read MoreThe New Definition of Plan Metals
Within health plan design offerings, there are four categories, or metal levels, made available to employers and their employees. These levels are listed by the split of costs between the enrolled individual and the health plan. See chart below: How you and your insurance plan split costs The decision process behind enrollment within…
Read MoreHealth Insurance Premium Rebate Checks Aren’t Good News for America
Ever since 2012, Americans have received rebate checks from their health insurers when the Medical Loss Ratio doesn’t “measure up” to the 80/20 Rule. In simple terms, the Rule means that insurers must spend 80 percent of their revenue from premiums to pay for the healthcare of their subscribers. The other 20 percent is theirs to keep. What…
Read MoreAn Act of True Bipartisanship: The No Surprises Act
On July 1, 2021, the Biden Administration issued its interim final rule cementing into place the No Surprises Act, which was signed into law by the Trump Administration on December 27, 2020. The Act is one of the most important consumer protection measures regarding healthcare—ever. It takes effect on January 1, 2022. And in these days of so…
Read MoreThe Transparency in Coverage Rule and the No Surprises Act: A Millennial’s Perspective
The Transparency in Coverage Rule and the No Surprises Act, set to take effect on January 1, 2022, will have a momentous impact on employer-sponsored health insurance, in terms of cost, as well as consumer knowledge. These rules will impact millennials, in particular, because they speak to one of the key characteristics of this demographic—the…
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