Independence Blue Cross’ response to the Transparency in Coverage Rule and the Consolidated Appropriations Act
Health care and health insurance are among the most regulated industries in the U.S., making compliance a crucial requirement for success. Continuing our strong track record of compliance to local, state, and federal guidelines, Independence is working to comply with the requirements of the Transparency in Coverage Rule (TCR), also known as the price transparency rule, and the Consolidated Appropriations Act (CAA), commonly referred to as the surprise billing law.
We have established an enterprise-wide implementation program to ensure all TCR and CAA requirements are implemented by the mandated compliance dates. Our cross-functional team is working closely with key vendors to outline the requirements and implement solutions. We are also working closely with legislators, America's Health Insurance Plans (AHIP), and the Blue Cross Blue Shield Association (BCBSA) as information about these rulings is still being finalized.
Independence’s work to comply with TCR and CAA is based on our good faith interpretation of the rules and regulations issued by the federal government regarding the TCR and CAA. We understand that the federal government will issue additional guidance which will impact our efforts.
As we receive additional guidance, we will provide updates to our various audiences through continued communications. For more information and answers to frequently asked questions, visit: