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2 New Job Opportunities
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[Guidance Overview]
PCORI Fee Amounts Updated for Certain Payments Due in 2024
"[T]he amount used to calculate the PCORI fee payable for plan years ending on or after October 1, 2023, but before October 1, 2024, is $3.22 per covered life. For 2023 plan years ending on or before September 30, 2023, the PCORI fee due in 2024 is $3.00 per
covered life. The IRS Form 720 report and corresponding PCORI fee payment for plan years ending in 2023 is due by July 31, 2024." MORE >>
Buck
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[Guidance Overview]
Proposed Key Dates for Calendar Year 2024: Qualified Health Plan Data Submission and Certification, Rate Review, and Risk Adjustment (PDF)
Summarizes key dates for calendar year 2024 regarding activities and policies that are outlined in other documents. MORE >>
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]
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Agencies Request Comments on No-Cost Coverage of OTC Preventive Products Without a Prescription (PDF)
"The RFI appears to be prompted (at least in part) by the FDA's recent approval of an OTC oral contraceptive and may signal
the agencies' intent to eliminate the prescription requirement in future guidance. Comments are due by December 4, 2023. " MORE >>
Thomson Reuters / EBIA
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Health and Welfare Plan Fiduciary Compliance Reviews: Benefits and Best Practices
"Fiduciaries should strive to mitigate risks proactively by formalizing a fiduciary compliance review process. A solid process involves evaluating plan documents, participant communications, service provider agreements, and service provider performance to identify potential
risks. Making corrections and taking steps to minimize risk can help reduce the chance of costly litigation in the future." MORE >>
Nixon Peabody LLP
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Use of Primary Care Among Workers and Dependents with Employment-Based Health Coverage (PDF)
20 pages. "[T]his Issue Brief [discusses] efforts by employers to make primary care more accessible and affordable for their employees, such as offering direct primary care plans and work-site clinics, as well as state and federal level policies to increase the primary care work
force." MORE >>
Employee Benefit Research Institute [EBRI]
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Proposal Would Expand HSA Usage to Wearable Devices
"HR 6279, the 'Wearable Equipment Adoption and Reinforcement and Investment in Technology Act' [WEAR IT
Act] ... would include certain wearable devices as qualified medical expenses for HSA purposes, up to $375 for a taxable year." MORE >>
Ascensus
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CMS Fact Sheet: Fiscal Year 2023 Improper Payments
"The Medicare Fee-for-Service (FFS) estimated improper payment rate was 7.38%, or $31.2 billion ... The Medicare Part C estimated improper payment rate was 6.01%, or $16.6 billion.... The Medicare Part D estimated improper payment rate was 3.72%, or
$3.4 billion.... The 2023 improper payment rate for the Advance payment of the Premium Tax Credit (APTC) program ... for Benefit Year 2021 was 0.58% or $272 million." MORE >>
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]
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[Opinion]
Collected Comment Letters to EBSA on Proposed Relevant Data Requirements for NQTLs Related to MHPAEA Network Composition and Enforcement Safe Harbor
Published comment letters submitted in response to EBSA"s July 25 Technical Release 2023-01P: Request for Comment on Proposed Relevant Data Requirements for Nonquantitative Treatment Limitations (NQTLs) Related to Network Composition and Enforcement Safe Harbor for Group Health Plans and Health Insurance Issuers Subject to the Mental Health Parity and Addiction Equity Act. Deadline for comments was October 2, 2023. (50 letters are online as of
Nov. 17.) MORE >>
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
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[Opinion]
Employer Coalition Urges Congress to Pass PBM Reforms This Year
"EmployersRx and the 50 participating organizations call on Congress to pass reforms that require full and complete transparency and reporting, ban spread pricing, require PBMs to pass-through 100% of all rebates, discounts and fees and hold PBMs accountable the same way
employers are held accountable." MORE >>
Purchaser Business Group on Health
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Employee Benefits Jobs |
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Press Releases |
William Whitman Joins NCPERS Staff to Support Continued Membership Growth, Build Strategic Alliances
National Conference on Public Employee Retirement Systems [NCPERS]
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Newfront Introduces AI-Powered Benefits Assistant to All Slack-Enabled Clients
Newfront
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Webcasts and Conferences (Health & Welfare Plans) |
A Refresher on the Employer Mandate and ACA Reporting Responsibilities
RECORDED
NFP Corp.
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Benefit Plan End of Year To-Do List
December 7, 2023 WEBINAR
Hunton Andrews Kurth
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Last Issue's Most Popular Items |
Text of CMS Memo: Premium Adjustment Percentage, Maximum Annual Limitation on Cost Sharing, Reduced Maximum Annual Limitation on Cost Sharing, and Required Contribution Percentage for the 2025 Benefit Year (PDF)
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]
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Text of CMS Proposed Regs: Notice of Benefit and Payment Parameters for 2025 (PDF)
Centers for Medicare & Medicaid Services [CMS], U.S. Department of Health and Human Services [HHS]
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Lawsuit Accuses UnitedHealth Group of Using Faulty AI to Deny Claims
StarTribune
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BenefitsLink® Health & Welfare Plans Newsletter, ISSN no. 1536-9595.
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