Agents

Under the Consolidated Appropriations Act, 2021, self-funded group health plans are required to submit certain information related to prescription drug and other health care spending to the Department of Labor, the Department of Health and Human Services, and the Department of Treasury (Departments).

The IRS has issued Revenue Procedure 2022-34, announcing that the affordability percentage for the 2023 plan year has decreased to 9.12 percent, from 9.61 percent in 2022.

What are the transparency requirements for a self-funded health plan?

The IRS has released the 2023 cost-of-living amounts (COLAs) for HSA-qualifying high-deductible health plans.

Under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), HSA-qualifying high-deductible health plans (HDHPs) could provide first-dollar telehealth services or other remote-care services without jeopardizing an individual’s HSA eligibility.