The U.S. Department of Health and Human Services (HHS) announced significant increases in civil penalties for Summary of Benefits and Coverage (SBC), Medicare Secondary Payer (MSP) and HIPAA violations as of Aug. 8. These adjustments, made to keep up with inflation, underscore the importance of complying with federal requirements.
The stakes have never been higher. Whether you're navigating adjustments in penalties ranging from $1,406 to $71,162, or ensuring your compliance protocols are airtight, this update is critical for anyone managing group health plans.
Dive into the full post to get a comprehensive overview of these changes, understand how they could impact your organization and learn how to safeguard against potential violations. Don’t wait — download the full story now to stay ahead of the curve!
TruePlan Benefit and Retirement Advisors focuses on employee benefits and retirement solutions. Our team of experts can help current clients understand changing regulations. Contact us today for more information.