Health plans may have to comply with new electronic funds transfer (EFT) and remittance advice standards by Jan. 1, 2014.

The U.S. Department of Health and Human Services (HHS) has released the new EFT and remittance advice standards in an interim final rule set to appear in the Federal Register Jan. 10.

Comments will be due 60 days after the official publication date.

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Allison Bell

Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.