Maryland SB774 mandates annual reporting of mental health coverage data by insurers, ensuring transparency and public access.

Maryland SB774, the Transparency, Reporting, Understanding, Timeliness, and Honesty (TRUTH) in Mental Health Coverage Act, requires health insurers to report specific data on mental health services annually. The Maryland Insurance Commissioner must develop a reporting template and make the data publicly available through an interactive dashboard and downloadable files. The law aims to enhance transparency and public understanding of mental health coverage, including comparisons between plans and providers. It also authorizes the Commissioner to take action against non-compliant insurers.

Maryland SB774 mandates annual reporting of mental health coverage data by insurers, ensuring transparency and public access.

Maryland SB774, the Transparency, Reporting, Understanding, Timeliness, and Honesty (TRUTH) in Mental Health Coverage Act, requires health insurers to report specific data on mental health services annually. The Maryland Insurance Commissioner must develop a reporting template and make the data publicly available through an interactive dashboard and downloadable files. The law aims to enhance transparency and public understanding of mental health coverage, including comparisons between plans and providers. It also authorizes the Commissioner to take action against non-compliant insurers.