Paperwork Burden Reduction Act

This bill allows health insurers and employers to reduce paperwork by shifting from automatically sending annual health insurance statements to individuals to a request-based system. Instead of mailing statements to everyone, these entities must simply provide clear notice that individuals can request a copy. If requested, they must send the statement by January 31 of the following year or 30 days after the request, whichever is later. The change directly affects insurers and employers required to report health coverage under IRS rules, reducing their administrative burden for 2024 and beyond.