1 minute read
Several pharmaceutical companies plan to raise prices on over 500 drugs in January, including 140 brands. Companies say that high inflation and supply chain concerns in the Middle East...
1 minute read
Several pharmaceutical companies plan to raise prices on over 500 drugs in January, including 140 brands. Companies say that high inflation and supply chain concerns in the Middle East...
1.5 minute read
The IRS issued Notice 2024-2 which gives guidance regarding the “SECURE 2.0” Act. SECURE 2.0 is part of the Consolidated Appropriations Act of 2023 which was signed in December of...
1 minute read
Many employee benefits are subject to annual dollar limits which are adjusted for inflation by the IRS each year. Many limits will increase for 2024.
1 minute read
The IRS issuedNotice 2023-70, which increases the fee for plan years ending on or after October 1, 2023, and before October 1, 2024, to $3.22 multiplied by the average number of lives...
1 minute read
In 2023, U.S. employers’ adoption of individual coverage health reimbursement arrangements (ICHRAs) increased by 64%, according to a HRA Council report. An ICHRA allows employers to...
1 minute read
As part of the Inflation Reduction Act, Medicare will soon be able to directly negotiate covered prescription drug prices (Part B and Part D). The Centers for Medicare and Medicaid...
1 minute read
The IRS recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) will increase for 2024.
1 minute read
An Employee Benefit Research Institute study found that retirees will need to save hundreds of thousands of dollars to cover Medicare costs. These costs include prescription drugs,...
1 minute read
The IRS released a final rule which expands the requirement to file certain information electronically. This includes the Affordable Care Act’s (ACA) reporting requirements under...
1.5 minute read
The Centers for Disease Control and Prevention (CDC) has issued new guidelines to clinicians for prescribing opioids for pain. CDC officials have stated that previous guidance has...