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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...
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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...
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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...
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The IRS recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) will increase for 2024.
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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,...
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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...
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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...
1.5 minute read
Part of the 2021 Consolidated Appropriations Act is a new transparency provision. This provision requires employer-sponsored health plans and issuers to provide annual report...
1.5 minute read
New medicines are being launched with record-high prices this year. The median annual price of 13 new drugs the U.S. Food and Drug Administration approved to treat chronic conditions...
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In the past year, 34% of U.S. consumers reported mental health deterioration and 24% reported a decline in physical health. According to a global survey report from Swiss Re, these...
