Meeting the Requirements of the NSA/TiC

At Homestead, we’ve been closely following developments regarding the federal No Surprises Act (NSA) and Transparency in Coverage (TiC) rulings, particularly as they relate to self-funded health plans and the impact on our clients and members. Below, we have gathered all the necessary information that could impact self-funded health plans, as well as what actions we’re taking to remain compliant – and help our clients remain compliant – with these regulatory updates, including:

What is No Surprises Act (NSA) and Transparency in Coverage Rule (TiC)?

The No Surprises Act (NSA) was signed into law by Congress and took effect on January 1, 2022, to establish federal protections from surprise medical costs after receiving care from an out-of-network provider or facility.  The NSA and TiC require multiple initiatives intended to increase transparency around the cost of healthcare so that members can make informed decisions and be protected from unexpected costs. Various portions of these rules will be implemented nationally over the next 1-2 years.

What do these rulings do, as they relate to self-funded health plans?

*Please note: these files are in a fixed format established by the federal government to gather data for planned consumer-focused tools. These files are not considered user friendly, but will be eventually used as part of the online “shopping” tools mentioned above.

What is Homestead doing?

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