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Affordable Care Act: New Rule Forces Health Insurers to Provide Customers Health Insurance Information

Yesterday, the Departments of Health and Human Service (HHS), Labor (DOL), and Treasury jointly published and finalized a new rule requiring health insurers to eliminate confusing language and technical jargon from their marketing materials and turn it into plain English by September. This way, consumers can have a clear understanding of what health plans cover, what limitations or conditions may apply, and what the actual cost for services is. It will also create a standard of uniformity across the industry, which will make the process for purchasing health insurance easier, more efficient, and less time-consuming. This rule is another measure ofRead More