1. Short title This Act may be cited as the Health Insurance Price Transparency Act of 2023 . 2. Promoting group health plan price transparency (a) Price transparency requirements (1) IRC (A) In general Section 9819 of the Internal Revenue Code of 1986 ( 26 U.S.C. 9816 ) is amended to read as follows: 9819. Price transparency requirements (a) Cost sharing transparency (1) In general For plan years beginning on or after the date that is 2 years after the date of the enactment of this section, a group health plan shall permit individuals to learn the amount of cost-sharing (including deductibles, copayments, and coinsurance) under the individual's plan or coverage that the individual would be responsible for paying with respect to the furnishing of a specific item or service by a provider in a timely manner upon the request of the individual. At a minimum, such information shall include the information specified in paragraph (2) and shall be made available to such individual through a self-service tool that meets the requirements of paragraph (3) or, at the option of such individual, through a paper disclosure or phone or other electronic disclosure (as selected by such individual and provided at no cost to such individual) that meets such requirements as the Secretary may specify. (2) Specified information For purposes of paragraph (1), the information specified in this paragraph is, with respect to an item or service for which benefits are available under a group health plan furnished by a health care provider to a participant or beneficiary of such plan, the following: (A) If such provider is a participating provider with respect to such item or service, the in-network rate (as defined in subsection (c)) for such item or service. (B) If such provider is not described in subparagraph (A), the maximum allowed amount for such item or service. (C) The estimated amount of cost sharing (including deductibles, copayments, and coinsurance) that the participant or beneficiary will incur for such item or service (which,