Health Insurance Reform: Standards for Electronic Transactions. 1. Effective Dates and Compliance Dates for Specified Standards

10/16/2000

The effective date for this final rule is the date that it amends the Code of Federal Regulations (CFR). The current CFR consists of the rules published in the latest CFR volume and any effective amendments published in the Federal Register since the revision of the latest CFR volume. Since the impact is expected to be in excess of $100 million per year, Congress will have 60 days after the date of publication in the Federal Register to revise the rule before it becomes effective. Standards are adopted and implementation specifications are established as of the effective date of this rule.

The compliance dates of this final rule are the dates that covered entities must be in compliance with the rule. The compliance date of this final rule for most covered entities is no later than 24 months after the effective date of this final rule. The compliance date of this final rule for small health plans, however, is no later than 36 months after the effective date of this final rule.

In our proposed rule, we stated that we would include the specific compliance dates in the subpart for each standard (63 FR 25279). The compliance dates in this final rule have been consolidated in §162.900.