Summary
Allows employers to notify people that their health insurance statement is available upon request, instead of automatically mailing it to everyone.
What problem does this solve?
Businesses and insurance providers must send paper health insurance forms to every person they cover, which creates a lot of paperwork and costs money. This law lets them send a notice instead and only provide the full form to people who ask for it, saving time and resources.
Who does this affect?
- Employers
- Health insurance providers
- Employees
What does this law do?
Offers a new way to provide health insurance statements
Allows employers and insurance providers to send a clear notice that a health coverage statement is available, instead of automatically mailing the statement itself to every person.
Sets deadlines for requested statements
Requires that if an individual requests their statement, it must be provided to them within 30 days of the request or by January 31 of the next year, whichever is later.
What is the real world impact?
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Reduces costs and paperwork for businesses
Saves businesses and insurance providers money and time by no longer requiring them to print and mail a health insurance statement to every single individual, many of whom may not need a physical copy.
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May create confusion for taxpayers
Shifts the responsibility to the individual to ask for their tax form. Someone who doesn't see the notice or know they need the form might have trouble completing their taxes without it.
When does this start?
The changes apply to health insurance statements for calendar years after 2023.
Deadline for requested statements
If a person requests their health insurance statement, it must be provided by the later of two dates: January 31 of the following year, or 30 days after the request was made.