PCORI Fee Due July 31, 2024
The Patient-Centered Outcomes Research Institute (PCORI) fee deadline is around the corner. In Notice 2023-70, the IRS adjusted the applicable dollar amount to be multiplied by the average number of covered lives for […]
IRS Issues 2025 HSA and EBHRA Limits
The IRS issued Revenue Procedure 2024-25, to announce the 2025 inflation adjusted amounts for health savings accounts (HSAs), High Deductible Health Plans (HDHPs) under the Internal Revenue Code (Code) and the […]
Johnson & Johnson Class Action Lawsuit
Johnson & Johnson Class Action Lawsuit In early February, a federal class action lawsuit was filed against Johnson & Johnson (JNJ) and its plan fiduciaries, alleging overpayment for prescription drugs […]
SECURE 2.0: IRS Issues Guidance on De Minimis Financial Incentives and Employer Roth Contributions
The Secure Act 2.0 has been signed into law with the goal of promoting retirement security among Americans. The bill contains dozens of provisions that will impact various aspects of […]
Civil Monetary Penalties Announced for 2024
Civil Monetary Penalties Announced for 2024 The Department of Labor (DOL) has announced the Civil Monetary Penalties for 2024. Federal agencies are required to review the penalty amounts annually to […]
Cyber-threat Reported by Change Healthcare and UnitedHealth Group
On February 21, 2024, Change Healthcare released information regarding a cyber security issue resulting in an enterprise-wide network interruption. Change Healthcare is part of the health services provider Optum, Inc., […]
Guidance On Coverage For Contraceptives
The Affordable Care Act (ACA) Implementation FAQs Part 64, issued on January 22, 2024, provide guidance on preventive service coverage. Prepared by the Departments of Labor, Health and Human Services, […]
New Employee Classification Rule
In January, the Department of Labor (DOL) Wage and Hour Division introduced a rule that changes the way workers are classified under the Fair Labor Standards Act (FLSA). This Final […]
RxDC Reporting due to CMS by June 1, 2024
The Centers for Medicare and Medicaid Services (CMS) has updated the Prescription Drug Data Collection (RxDC) resources. The updates include changes to the RxDC Reporting Instructions and new RxDC templates […]
Medicare Creditable Coverage Disclosure Due to CMS by March 1, 2024
The Medicare Modernization Act (MMA) established annual notification requirements for employer-sponsored group health plans with prescription drug coverage. Per the MMA, employers sponsoring these plans are required to disclose annually […]
