These penalties were indexed in November 2021, but they’re being updated effective March 17, 2022, for violations occurring on/after November 2, 2015.
Regulators also increased the price transparency penalty for hospitals from $304/day maximum fine to $5,500 per day, taking the calendar year max from $100K to over $2 million. They also increased the $10,000 penalty for a provider’s failure to comply with the No Surprises Act to $10,622.
|Assessments on/after Nov 15, 2021||Assessments on/after Nov 15, 2021|
|HIPAA Privacy & Security violations||
Medicare Secondary Payer (MSP) violations|
|Summary of Benefits and Coverage (SBC) violations|
IMA will continue to monitor regulator guidance and offer meaningful, practical, timely information.
This material should not be considered as a substitute for legal, tax and/or actuarial advice. Contact the appropriate professional counsel for such matters. These materials are not exhaustive and are subject to possible changes in applicable laws, rules, and regulations and their interpretations.