Health Plan Identifier (HPID) Requirement & Impact on HRA/FSA Plans
Posted on: October 20, 2014Categories: HR & ComplianceNew rules require health plans to obtain a unique Health Plan Identifier (HPID), which eventually must be used by plans, providers, insurers, and others in all standard transactions. The HPID requirement is an effort to standardize health care transactions in order to reduce the cost and increase the quality of heath care. The requirements for full compliance differ depending on the size and structure of the plan. Although the deadline for large health plans to obtain the HPID is fast approaching, further guidance from HHS would be welcome to clarify the rules. As of today, it is our view that all HRAs and FSAs administered by ProBenefits do not need to register this year due to a small plan exception. A summary of the topic, including a discussion of plans subject to the requirement and the deadline for compliance, can be found here.
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