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Text of EBSA Fact Sheet: Proposed Pharmacy Benefit Manager Fee Disclosure Rule
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL] Link to more items from this source
[Guidance Overview]
Jan. 30, 2026

"Covered service providers would be required to provide initial disclosures to the plan fiduciary reasonably in advance of entering into, renewing, or extending a contract or arrangement. The initial disclosures would include a description of the pharmacy benefit management services as well as information on the direct compensation from the self-insured group health plan and compensation reasonably expected to be received from other arrangements ... The proposed rule would also require covered service providers to provide semiannual disclosures of the same compensation categories based on amounts actually received."  MORE >>

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