Final Regulations

• Air ambulance reporting - expected December 2025
• ERISA investment advice fiduciary - expected May 2026

Proposed Regulations

• Transparency in coverage - expected September 2025 
• PBM fee transparency - expected November 2025
• Advanced EOBs - expected April 2026

Deregulatory Action

• Default e-disclosure in welfare plans - “This deregulatory action is being proposed in response to President Trump’s January 20, 2025, Memorandum entitled Delivering Emergency Price Relief for American Families and Defeating the Cost-of-Living Crisis. It will explore ways to reduce the costs and burdens imposed on employers and other plan fiduciaries responsible for producing and distributing welfare plan disclosures, including group health plans, required under Title I of the Employee Retirement Income Security Act. It also aims to make these disclosures more understandable, accessible, and useful for participants and beneficiaries” - expected May 2026