New rule will require health plans to disclose personalized information on enrollee cost-sharing

According to DOT Med News (11/3, Fischer), beginning “January 1, 2023, health plans must issue an online shopping tool that allows individuals to view the rates between their provider and plan and personalized estimates of their out-of-pocket cost for 500 of the most shoppable items and services” as part “of an executive order made by” the Administration. Under that rule, “health plans and health insurance issuers in individual and group markets must provide personalized information on enrollee cost-sharing in an easy-to-understand manner and disclose the rates they pay healthcare providers for specific services.”