3 minute read

An individual coverage health reimbursement arrangement (ICHRA) is an employer-funded healthcare account that provides an alternative to traditional group health plans. Employers can...

1 minute read

IRS Revenue Procedure 2023-34 outlines updated penalties for noncompliance with ACA requirements under IRC Sections 6055 and 6056. These increased penalties apply to 2024 information...

1 minute read

Despite competitive health care benefits, many employees still face medical debt. Over 40% reported experiencing this issue, as per a survey by Goodroot.

1 minute read

Group health plans and issuers must submit detailed data on prescription drug and health care spending annually to the Centers for Medicare & Medicaid Services (CMS). Known as the RxDC...

2 minute read

When it comes to health insurance, employers are constantly searching for ways to optimize coverage and manage costs. That's where embedded and nonembedded deductibles come into play....

1.5 minute read

Group health plan sponsors must annually complete an online form with the Centers for Medicare & Medicaid Services (CMS) to disclose if their prescription drug coverage is creditable...

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 U.S. Food and Drug Administration (FDA) has granted Florida permission to directly import prescription drugs from Canada. This historic policy shift has the potential to...

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...

4.5 minute read

Employers should be aware of the compliance issues impacting their health plan coverage in 2024, including expanded electronic reporting requirements under the ACA and anticipated...