Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Watson Wyatt: Privacy Rules Will Affect Midsize Employers

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 28, 11:26 a.m. – Watson Wyatt Worldwide, Washington, a benefits consulting firm, says large and midsize employers should start planning now to comply with the new federal Health Insurance Portability and Accountability Act privacy rules.

The rules take effect April 14, 2003.

The rules require doctors, hospitals, clinics and health plans to protect patient health information.

Officials with the U.S. Department of Health and Human Services say HHS will probably treat employers with more than 200 employees as health plan sponsors, even if the employers buy fully insured health coverage from outside insurers, rather than self-insuring, Watson Wyatt says.

The change means that many large and midsize insurers will have to send privacy notices to employees and get authorization forms from employees before using some types of health information, Watson Wyatt says.

Employers should determine what status they will have under the new privacy rules and check to see that the insurers, third-party administrators and other companies that help run their health plans comply with the rules, Watson Wyatt says.

The firm also recommends that employers review the collection, storage and use of protected health information in day-to-day operations.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.