"CMS released several FAQs that clarify requirements under the CAA for prescription drug reporting, including permitting aggregate filings to help simplify reporting for certain plans utilizing multiple vendors.... [The FAQs are] particularly helpful for plans using multiple reporting vendors."  MORE >>

"[This chart] summarizes 2023 limits applicable to health and welfare plans that are reflected either in Revenue Procedure 2022-38 or earlier guidance. Also included are the 2023 contribution limits required by employers subject to the San Francisco Health Care Security Ordinance (SFHCSO)."  MORE >>

"[Q]ualified beneficiaries may modify their COBRA coverage during COBRA-defined open enrollment periods. Also, ... qualified beneficiaries have the same rights to change their coverage during open enrollment periods as active employees. They are not limited to the rights they might have had as spouses or children of active employees."  MORE >>

"If your plan does not make an automatic change to increase the health FSA adjustment for future plan years, your plan document will need to be amended to permit your employees to put the additional $200 in their health FSAs for 2023. And even if your Plan is automatically increased for cost-of living adjustments, you will need to amend any references to this limit in other documents, such as your SPDs or election forms."  MORE >>

"A point solution is typically offered by a new, innovative company looking to fill a gap in the healthcare system.... Start off on the right track by making communications resources and support part of the vendor evaluation process. Not only look at what they offer and how it meshes with the way you currently engage plan members, but don't be afraid to make specific requests. Just because something is not on the menu, doesn't mean it's not available."  MORE >>

"For high-income investors who are maxing out other tax-sheltered accounts, the high-deductible healthcare plan/HSA combo is close to a no-brainer."  MORE >>

"[E]mployees and annuitants will, on average, pay 8.7% more in FEHB premiums next year, the largest percentage increase in the last decade.... [The authors describe] the changes in popular plans, discuss which ones saw their premiums increase above and below the average, and provide an update for annuitants on Medicare Part B premiums for 2023."  MORE >>

Charts detail 2023 limits for retirement and health & welfare plans.  MORE >>