COL INS Coverage Report Transparency

Updated on: Mar 27, 2025

Latest Event


  • Mar. 25, 2025 COL INS Adoption Publication
  • On Mar. 25, 2025, COL INS published rule adoption in State register, effective Apr. 14.

On Oct. 31, COL INS proposed new coverage reporting requirements.

  • COL INS proposed 4-2-XX concerning transparency in coverage reporting requirements
  • Required by COL INS 10-16-168, prescription drug collection in COL INS 10-16-169.
  • Applies to all carriers and plans subject to transparency in coverage federal rule (45 CFR 147.212) and s. 204 of the Consolidated appropriations act (CAA) (PL 116-260).
  • Additionally, regulation applies to all carriers subject to the reporting requirements related to prescription drug and health care spending found at 45 CFR 149.
  • Proposed Rule
  • Starting Jul. 1, 2025, and on or before every 6 months thereafter, each carrier shall make publicly available and submit to the Division via secure file transfer 3 JSON files.
  • Files must contain table of contents file, negotiated rates for all covered items and services between carrier and in-network providers in accordance with requirements.
  • And, unique out-of-network allowed amounts, billed charges for covered items furnished by out-of-network providers in accordance with 45 CFR 147.212(b)(I)(ii).
  • Each carrier and/or PBM shall submit to COL INS via secure file transfer a plan list, eight data files, narrative response regarding prescription drugs, health care spending.
  • Carriers shall include with each submission information pertaining to the size and contents of each file, where they are located on the carrier’s website and contact email
  • Carriers may provide data on plans in which they operate as a 3rd party administrator, provided that carriers identify clearly to COL INS when submitting data as 3rd-party.
  • Consultation
  • Comments on proposed regulation are due Nov. 8, 2024.
  • Dec. 2024 COL INS Notice of Hearing
  • On Dec. 13, 2024, COL INS issued notice of hearing for Jan. 14, 2025, at 10:00 AM.
  • Written comments may be submitted by 5PM, Jan. 17, 2025, for review, consideration.
  • Feb. 2025 COL INS Rule Adoption
  • On Feb. 19, 2025, COL INS adopted Regulation 4-2-103, effective as of Apr. 14, 2025.
  • Mar. 2025 COL INS Adopted Regulations
  • On Mar. 7, 2025, COL INS published adopted regulations, effective date Apr. 14, 2025.
  • Mar. 25, 2025 COL INS Adoption Publication
  • On Mar. 25, 2025, COL INS published rule adoption in State register, effective Apr. 14.
Regulators
COL INS
Entity Types
Ins
Reference
COL SR Vol. 48 No. 6, 3/25/2025; RF 2024-00611, 3/10/2025; RF, 3/7/2025; Nt, RF, 2/19/2025; Nt, RF 4-2-103, 12/13/2024; RF 4-2-XXX, 10/31/2024; CAA; Citation: *COL INS* 10-16-168, 10-16-169; *45 CFR* 147.212, 149, 147.212; PL 116-260;
Functions
Compliance; Financial; Legal; Operations; Outsourcing; Reporting
Countries
United States of America
Category
State
N/A
Products
Accident; Insurance; Insurance-Health; Insurance-Life; PBM
Rule Type
Final
Regions
Am
Rule Date
Oct 31, 2024
Effective Date
Apr 14, 2025
Rule ID
231876
Linked to
N/A
Reg. Last Update
Mar 25, 2025
Report Section
US Insurance