Pharmacy Benefits and Drug Costs Disclosure Due December 27, 2022

Health plans are required to disclose information about their pharmacy benefits and drug costs for the past two years on December 27, 2022.
On Jan. 10, 2022, the Depts. of Labor, Health and Human Services (HHS), and the Treasury issued FAQ guidance regarding the requirements for group health plans and health insurance issuers to cover over-the-counter (OTC) COVID-19 diagnostic tests. Legal Requirements Plans and issuers…
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for welfare benefit plans maintained by private- sector employers. ERISA-covered welfare benefit plans must comply with certain ongoing reporting and disclosure requirements. For…