Legal and Compliance Considerations for Level-Funded Health Plans
Level-funded health plans are now growing and giving businesses more control
Non-grandfathered health plans (i.e., health plans issued on or after March 23, 2010) are required to cover in-network preventive services at 100% with no cost-sharing to a member. This is a requirement that was imposed by the Affordable Care Act (ACA). The preventive services that must be covered are specified by the Health Resources and Services Administration (HRSA), the United States Preventive Services Task Force (USPSTF), and the Centers for Disease Control and Prevention (CDC).
Recently, the HRSA updated its guidelines for preventive services that non-grandfathered plans must cover for women without any cost-sharing. These services must be covered at 100% for plan years beginning on or after January 1, 2023. The new services that must be covered include:
Level-funded health plans are now growing and giving businesses more control
Nowadays, businesses trying to balance employee health benefits with budget constraints
When it comes to providing health benefits, employers have a lot