Stay updated with breaking news from Application For Third Party Administrators. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
New Law Regulating Health Care Benefit Managers and TPA Law Governing Workers’ Compensation in Washington State; New Pharmacy Benefit Manager Law in North Carolina; Multistate Regulatory Action a Significant Reminder that Insurers Must Only Conduct Business with Licensed TPAs
Monday, March 8, 2021 In the fall of 2019, we reported that Vermont enacted Senate Bill 41, which granted the Commissioner of the Vermont Department of Financial Regulation (the “Department”) jurisdiction over entities that administer one or more health reimbursement arrangements (“HRAs”), health savings accounts (“HSAs”), and flexible spending accounts (“FSAs”). Senate Bill 41 directed the Department to adopt rules regulating entities that administer HRAs, HSAs, and FSAs. In response to Senate Bill 41, the Department recently issued proposed Regulation 1-2021-01 (th...