Welcome to The Millennium Group
Serving Housing Authorities, Non-Profit & for Profit Developers Statewide
THE MILLENNIUM GROUP is headquartered in New Britain, Connecticut and provides a complete range of professional real estate services to the Connecticut marketplace.
THE MILLENNIUM GROUP is a diversified real estate company providing Development, Construction Management, and Property Management for the affordable housing market as well as Corporate Facilities Management for market-rate apartments.
Our qualified group is comprised of three separate unique companies that each offer complete turnkey solutions for all of your real estate needs.
Real Estate Management Services:
Development & Consulting Services:
Construction Management Services:
Employer Group Health Plan Compliance with Transparency in Coverage Disclosures – July 2022 Requirements
The Transparency in Coverage (TiC Regulations) and certain provisions of the Consolidated Appropriations Act of 2021 (CAA) (collectively “transparency requirements”) are making it a requirement that carriers disclose real time medical and pharmacy pricing to employees. The following requirement is one of the first steps in the process.
The requirement imposes new obligations on employer group health plans, health insurance carriers and health care providers. Two of these requirements, which become effective July 1, 2022, are:
- Employer group health plans must make public a machine-readable file (MRF) with in-network provider rates for covered items and services.
- Employer group health plans must make public a machine-readable file (MRF) with out-of-network allowed amounts and billed charges for certain covered items and services.While the above obligations are imposed on the employers as the sponsor of group health plan, employers will need assistance from insurance carriers to satisfy the requirements. Below are the suggested compliance strategies.
IMPORTANT : Insurance carriers, as of the writing of the notification, are not consistent with their interpretation of these regulations and are offering different approaches to the compliance requirement.
Fully Insured Plans
The TiC regulations note that a fully insured employer group health plan can satisfy the transparency requirements by entering into a written agreement with their carrier to make the disclosures. Entering into such an agreement absolves the employer group health plan of responsibility for the disclosures, even if the insurance carrier fails to comply with the transparency requirements.
Aetna, Anthem, and Oxford/United Healthcare have already released the agreements. No further action is required from the employers with fully insured plans who are enrolled with these carriers.
Cigna, ConnectiCare, Oscar + Cigna and Harvard Pilgrim, as of the writing of this notice, have not released such agreements. As such, employers who are fully insured and offer benefits with these carriers will need to establish a link on their public facing website. See below for instruction and web links.
Level-Funded or Self-Funded Plans
The TiC regulations note that a self or level funded employer group health plan can satisfy the transparency requirements by entering into a written agreement with their carrier to make the disclosures. However, the plan may still be held responsible if the carrier fails to make the disclosures. In addition, if the carrier hosts the information on their website, the employer group health plan MUST provide a link on its own public website to the location where the file is made publicly available. As noted above, in addition to obtaining the carrier’s consent to make the required disclosures (Aetna, Anthem and Oxford/United Healthcare have already released agreements), the plan sponsor must place a link to the carrier’s disclosure on its own public facing website.
Employer Group Health Plan Compliance with Transparency in Coverage Disclosures – July 2022 Requirements
The Transparency in Coverage (TiC Regulations) and certain provisions of the Consolidated Appropriations Act of 2021 (CAA) (collectively “transparency requirements”) are making it a requirement that carriers disclose real time medical and pharmacy pricing to employees. The following requirement is one of the first steps in the process.
The requirement imposes new obligations on employer group health plans, health insurance carriers and health care providers. Two of these requirements, which become effective July 1, 2022, are:
- Employer group health plans must make public a machine-readable file (MRF) with in-network provider rates for covered items and services.
- Employer group health plans must make public a machine-readable file (MRF) with out-of-network allowed amounts and billed charges for certain covered items and services.While the above obligations are imposed on the employers as the sponsor of group health plan, employers will need assistance from insurance carriers to satisfy the requirements. Below are the suggested compliance strategies.
IMPORTANT : Insurance carriers, as of the writing of the notification, are not consistent with their interpretation of these regulations and are offering different approaches to the compliance requirement.
Fully Insured Plans
The TiC regulations note that a fully insured employer group health plan can satisfy the transparency requirements by entering into a written agreement with their carrier to make the disclosures. Entering into such an agreement absolves the employer group health plan of responsibility for the disclosures, even if the insurance carrier fails to comply with the transparency requirements.
Aetna, Anthem, and Oxford/United Healthcare have already released the agreements. No further action is required from the employers with fully insured plans who are enrolled with these carriers.
Cigna, ConnectiCare, Oscar + Cigna and Harvard Pilgrim, as of the writing of this notice, have not released such agreements. As such, employers who are fully insured and offer benefits with these carriers will need to establish a link on their public facing website. See below for instruction and web links.
Level-Funded or Self-Funded Plans
The TiC regulations note that a self or level funded employer group health plan can satisfy the transparency requirements by entering into a written agreement with their carrier to make the disclosures. However, the plan may still be held responsible if the carrier fails to make the disclosures. In addition, if the carrier hosts the information on their website, the employer group health plan MUST provide a link on its own public website to the location where the file is made publicly available. As noted above, in addition to obtaining the carrier’s consent to make the required disclosures (Aetna, Anthem and Oxford/United Healthcare have already released agreements), the plan sponsor must place a link to the carrier’s disclosure on its own public facing website.
