3 minute read

A decade after their initial approval, biosimilars continue to receive the U.S. Food and Drug Administration (FDA) endorsements and enter the market each year. These cost-effective...

1.5 minute read

Group health plans and insurers must submit the annual RxDC report on prescription drug and healthcare spending to the federal government by June 1^st of each year. The upcoming...

5 minute read

Deductibles and out-of-pocket maximums (OOPMs) are key cost-sharing elements in health plans. A deductible is the annual amount you pay before your plan covers expenses, while an OOPM...

2.5 minute read

In today's competitive job market, a strong benefits package is crucial for attracting and retaining talent. With over 150 voluntary benefits available, choosing the right options can...

1.5 minute read

On April 15, 2025, President Donald Trump issued an executive order (EO) to reduce prescription drug prices in the U.S. This order instructs the Department of Labor (DOL) to enhance...

1 minute read

A January 2025 survey by the National Alliance on Mental Illness (NAMI) revealed that 25% of workers are unaware of their mental health benefits, and only 50% know how to access them...

2 minute read

Employers collect employees' medical information for various reasons, such as verifying accommodation requests or certifying leave. Federal laws like the Americans with Disabilities Act...

1 minute read

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) has issued a new model Employer CHIP Notice as of March 17, 2025.

1.5 minute read

On April 7, 2025, the Centers for Medicare and Medicaid Services (CMS) released the Final Part D Redesign Program Instructions for 2026, detailing changes from the Inflation Reduction...

3 minute read

Participants in a health benefit plan under Employee Retirement Income Security Act (ERISA) must receive a summary of the plan, called a Summary Plan Description (SPD). Many employers...