The Departments of Labor, Health and Human Services and the Treasury (collectively, “the Departments”) issued FAQ Part 55, providing guidance as it relates to certain […]

As previously reported in 2021, Section 204 of the Consolidated Appropriations Act, 2021 (“CAA”) requires plansponsors of group health plans to submit information annually about […]

Governor Cuomo signed legislation on March 12, 2021, requiring all New York public and private employers to provideemployees up to four (4) hours of paid […]

If offering an HDHP with an HSA, the law codifies the ability of a plan to provide first dollar coverage for insulin without jeopardizing an individual’s ability to make HSA contributions. Employers should stay informed as to the impact on prescription drug costs in the commercial market as a result of the federal government new negotiation power. While this will not take effect until 2026, it will be important to watch the costs in this area.

Another compliance deadline is quickly approaching. For plan years that begin on or after January 1, 2023, group health plans must provide for advance disclosure of cost-sharing information to enrollees seeking health services, upon request and to the extent practicable.