Consolidated Appropriations Act 2021
The Consolidated Appropriations Act (CAA) introduces several mandates affecting ERISA and Public Health Service Act (PHSA) health Plan Sponsors, necessitating careful consideration and action. Key provisions include the elimination of gag clauses from plan contracts, and granting Plan Sponsors enhanced access to their health plan data. Additionally, vendors servicing health plans are now required to disclose all compensation, prompting Plan Sponsors to assess the reasonableness of such compensation.