Reduction of Issuer Burden Through Technology Grant - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 23, 2021 Newswires
Share
Share
Post
Email

Reduction of Issuer Burden Through Technology Grant

Federal Register

Notice of funding opportunity.

Citation: "86 FR 39028"

Page Number: "39028"

"Notices"

Agency: "Centers for Medicare & Medicaid Services (CMS), Department of Health and Human Services (HHS)."

SUMMARY: This notice announces the issuance of the March 10, 2021 (and amended on April 29, 2021) single-source funding opportunity titled "Reduction of Issuer Burden Through Technology Grant" (hereafter referred to as the "RIBTT Grant") available solely to the National Association of Insurance Commissioners (NAIC) to build a connection between the State Electronic Rate and Form Filing (SERFF) system, owned and operated by the NAIC, and the Health Insurance Oversight System (HIOS), which is operated by the Centers for Medicare and Medicaid Services (CMS). This connection will enable health insurance issuers to enter rate justification data into the SERFF system and then have this rate justification data automatically transfer to HIOS. Currently, health insurance issuers have to enter duplicate data into both the SERFF system and HIOS in order to maintain compliance with federal and state law in 49 states and the District of Columbia.

   DATES:

The project period of the award, in the amount of $250,000 to the NAIC, will be 24 months from the date of award. The tentative award date is July 29, 2021.

   FOR FURTHER INFORMATION CONTACT: Jim Taing, (301) 492-4182.

   SUPPLEMENTARY INFORMATION:

I. Background The Reduction of Issuer Burden Through Technology Grant (RIBTT Grant) provides a funding source to build a connection between the SERFF system and the Unified Rate Review (URR) module of HIOS. Forty-nine states and the District of Columbia currently use the SERFF system to collect and review rate data. Building a connection between SERFF and HIOS will reduce burden on health insurance issuers and decrease the potential for data mismatches between the two systems. It will enable health insurance issuers to enter rate justification data into the SERFF system and the rate justification data will automatically transfer to HIOS. Currently, health insurance issuers have to enter duplicate data into both the SERFF system and HIOS in order to maintain compliance with applicable federal and state law. Funding under the RIBTT Grant is available to the NAIC to complete their portion of the technical changes needed in order to build such a connection between the SERFF system and HIOS.

II. Provisions of the Notice

CMS is anticipating approximately a total of $250,000 will be available for the RIBTT Grant, pending availability of funds, to the NAIC to complete their portion of the technical changes needed in order to build such a connection between the SERFF system and HIOS for the transfer of rate filing information. The NAIC may use grant funds for a variety of planning, development, testing, and implementation objectives related to the technical changes needed to build the connection between the SERFF system and HIOS. This includes, but is not limited to, hiring or contracting with information technology professionals or firms to complete the work. Pending an acceptable application and budget, the CMS will recommend awarding a single source grant to the NAIC who is uniquely qualified to complete the work requested. The NAIC is uniquely positioned to perform this work as they are the only applicant under this funding opportunity to meet the objectives of this funding opportunity as they own, operate, and maintain the SERFF system and the SERFF system is what is utilized by health insurance issuers to submit rate filing justification data in 49 states and the District of Columbia. The NAIC has built previous IT connections between their SERFF system and HIOS for the submission of Qualified Health Plan certification data between SERFF and the Plan Management module of HIOS. Funds enable NAIC to establish this new IT connection between the SERFF system and the URR module of HIOS based on the prior system architecture.

The Administrator of the Centers for Medicare & Medicaid Services (CMS), Chiquita Brooks-LaSure, having reviewed and approved this document, authorizes Lynette Wilson, who is the Federal Register Liaison, to electronically sign this document for purposes of publication in the Federal Register.

   Dated: July 19, 2021.

Lynette Wilson,

Federal Register Liaison, Centers for Medicare & Medicaid Services.

[FR Doc. 2021-15656 Filed 7-22-21; 8:45 am]

BILLING CODE 4120-01-P

Older

Thousands of employees at insurance giant Travelers in downtown Hartford returning to office in September but with option of working at home part of the week

Newer

What Biden Can Do To Tamp Down Inflation Fears

Advisor News

  • Retirement control is top success measure for middle class, ACLI says
  • Industry groups applaud House passage of Financial Exploitation Prevention Act
  • Younger workers more likely to be eligible for a retirement plan after changing jobs
  • Bank of America community event unpacks sales tax hike, small business struggles
  • CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
More Advisor News

Annuity News

  • Jackson Named InvestmentNews 2026 Annuities Provider of the Year
  • State Farm’s agency overhaul: What distribution can learn
  • IRI, ACLI express support for CLEAR Forms Act
  • A new era at the Federal Reserve
  • Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
More Annuity News

Health/Employee Benefits News

  • A single mom in Durham needed help. Now, she offers free childcare to families.
  • Help employers find more medical ‘tools’ for their workers
  • 'CRAZY' … 'WAY OUT OF LINE' … 'NOT SUSTAINABLE': NYT INVESTIGATION UNCOVERS OUTRAGEOUS PROVIDER-DRIVEN ABUSES OF THE NO SUPRISES ACT
  • ATTORNEY GENERAL JAMES SUES TRUMP ADMINISTRATION TO PROTECT MEDICAID COVERAGE FOR VULNERABLE NEW YORKERS
  • Rob Sand pledges to reverse Iowa Medicaid privatization
More Health/Employee Benefits News

Life Insurance News

  • Jackson Named InvestmentNews 2026 Annuities Provider of the Year
  • Corebridge adds index strategies, growth potential to Max Accumulator+ III
  • Estate planning 2.0: How ILITs can create liquidity
  • AM Best Affirms Credit Ratings of Misr Insurance Company
  • State Farm’s agency overhaul: What distribution can learn
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet