On Feb. 23, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). These FAQs require health plans…
The IRS announced larger than usual increases to benefit limits for 2023 to keep pace with high inflation.
Every year, the IRS adjusts dollar limits for health and welfare plan contributions & amounts based on the cost-of-living. As with 2023, 2024’s increases are significant, as noted below. However, changes to Flexible Spending Account limits for 2024 have not…
A quick rundown of C-Suite takeaways on each major transparency-related law that's been put on the books in recent years.
Plan sponsors must provide the annual disclosure notice to Medicare-eligible individuals before Part D enrollment begins on October 15, 2022.
A new provision in the CAA requires brokers to disclose to health plan sponsors all sources of direct and indirect compensation above $1,000.
The PCORI fee due on August 1, 2022 for self-funded employers is $2.66 per member covered during the 2021 plan year.
Health plans are required to disclose information about their pharmacy benefits and drug costs for the past two years on December 27, 2022.
On July 1st, health plans must publicly disclose member cost-sharing and the actual amounts they've paid for healthcare services.