How frequently should funeral homes review their price lists to ensure compliance?

Funeral homes are required to review their price lists annually to ensure compliance with state regulations and the Federal Trade Commission's (FTC) Funeral Rule. This annual review is crucial because it helps funeral homes stay updated on any changes in pricing, services, or regulatory requirements that may affect their pricing structure and overall compliance.

Regularly reviewing price lists not only maintains transparency with consumers but also ensures that funeral homes avoid potential legal issues related to pricing disclosure. The requirement for annual reviews aligns with the expectation that funeral providers be proactive in maintaining accurate and fair pricing for their services. This helps build trust with clients, as they can be assured that they are receiving current and compliant pricing information.

While more frequent reviews, such as every six months or only when regulations change, might seem beneficial, the established standard is to conduct a comprehensive review at least once a year. This timeframe strikes a balance between diligence and practical operations for the funeral homes.