1.5 minute read
The U.S. Department of Health and Human Services (HHS) has selected 15 more drugs to Medicare Part D price negotiations. Drug companies have until February 28 to join, with talks...
2 minute readThe Departments of Health and Human Services, Labor and the Treasury (Departments) recently issued frequently asked questions (FAQs) on the implementation of several federal...
1 minute read
The IRS has issued Notice 2024-83 to increase the Patient-Centered Outcomes Research Institute (PCORI) fee to $3.47 per average covered life for plan years ending between October 1,...
3.5 minute read
Health care costs are expected to rise significantly in 2025, with projections indicating a 7%-8% increase. Large employers foresee a 7.8% rise, while others estimate an 8% median...
1 minute read
IRS Revenue Procedure 2024-40 updates penalties for non-compliance with Affordable Care Act’s (ACA) requirements under Code Sections 6055 and 6056, affecting 2025 returns and 2026...
1 minute read
The 2024 Best Practices in Healthcare Survey by WTW reveals that rising healthcare costs are prompting over 51% of U.S. employers to redesign plans for affordability, focusing on new...
1 minute read
Starting in 2020, the Consolidated Appropriations Act, 2021 (CAA) bans health plans and insurers from using gag clauses in contracts that limit sharing information on provider prices...
1 minute read
In response to the COVID-19 pandemic, Congress enacted legislation which temporarily allowed high deductible health plans (HDHPs) to provide telehealth service benefits before plan...
1 minute read
U.S. employers predict a 5.8% rise in health benefit costs for 2025, according to Mercer’s 2024 National Survey of Employer-sponsored Health Plans. This is the third year in a row that...
1.5 minute read
The IRS reminds businesses that changes under the SECURE 2.0 Act, starting in tax year 2023, may affect Form W-2 reporting. A fact sheet released on August 29, 2024, details the...
