Reminder: Consolidated Appropriations Act: Broker Compensation Notification Requirements

Group and Retail

Feb. 09, 2022

Applies to producers who sell Retail (under 65) plans and ERISA group plans.

What you need to know: As a reminder, the Consolidated Appropriations Act of 2021 sets new disclosure requirements related to broker and consultant compensation for medical health insurance products.

While these new requirements are pending final guidance from the Department of Health and Human Services (HHS) in the Retail (under 65) segment and are therefore subject to change, we do consider guidance related to Group notification as final.

The details: To help you understand more, review this list of questions related to our proposed Retail strategy and the finalized Group approach.