Beginning January 1, 2023, health plans are required to make online price comparison tools available to members that provide personalized real-time estimates of member cost sharing liability for covered healthcare items and services. The price comparison tools are required to be internet-based and must initially provide cost sharing estimates on 500 commonly accessed healthcare services for plan years beginning on or after January 1, 2023, and all covered healthcare services in plan years beginning on or after January 1, 2024.
By making cost sharing estimates available to consumers prior to receiving care, members will be empowered to make more informed decisions regarding their healthcare and be better equipped to shop for healthcare goods and services across multiple providers in their network. Price comparison tools are required to:
MEBA Medical and Benefit Plan has partnered with Green Light to provide this service to all eligible health plan members. Green Light’s price comparison solution is an easy-to-use online platform and is fully compliant with federal regulations. Members can register for Green Light’s Price Comparison Tool at https://mycostestimates.com/users/register