HSA/HDHP Limits Increase for 2024
The IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. Read more…
Second Prescription Drug Report Is Due Soon!
The deadline for health plans and health insurance issuers to submit their second prescription drug data collection (RxDC) report is June 1, 2023. This is an annual reporting requirement; plans and issuers will generally submit these reports by June 1 of each year, reporting information for the prior calendar year. Read more…
IRS Releases FAQs on Medical Expenses
The IRS released a set of frequently asked questions (FAQs) to address whether certain costs related to general health, nutrition and wellness are medical expenses that can be paid or reimbursed by a health savings account (HSA), health flexible spending account (FSA) or health reimbursement arrangement (HRA). Read more…
Gag Clause Attestations Must be Submitted by Year End
The Departments of Labor, Health and Human Services and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). These FAQs require health plans and health insurance issuers to submit their first attestation of compliance with the CAA’s prohibition of gag clauses by December 31, 2023. Read more…
How End of COVID-19 Emergency Periods Will Impact Health Plans
The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11. Health plans will no longer be required to cover COVID-19 diagnostic tests and related services without cost sharing when the PHE ends, but other things will remain. Read more…
New Laws Expand Pregnancy and Nursing Accommodations
Two new laws that were included in the federal omnibus spending bill, enacted on December 29, 2022, expand workplace rights for employees affected by pregnancy, childbirth or related conditions starting in 2023. Read more…