NEWS ROOM
2023 RxDC Reporting
As previously reported, plan sponsors of group health plans (typically, employers) must submit information annually about prescription drugs and health care spending (“RxDC reporting”) to CMS. The first deadline was December 27, 2022 (extended to January 31, 2023) for reporting on calendar years 2020 and 2021. For reporting on calendar year 2023, the next deadline is June 1, 2024, which is a firm date even though it falls on a Saturday. It should be noted that carriers, pharmacy benefit managers (“PBMs”), and third-party administrators (“TPAs”) assisting with the reporting may have earlier deadlines for employers to respond to them with certain data points (e.g., plan name, average monthly premiums)
Powerful HR Resources
ThinkHR Comply provides you with a trusted information database that features HR policies, laws, and best practices. This web-based resource center is continually updated to ensure that the most up-to-date information is readily available.
“Path Out of The Pandemic”
President Biden announced a “Path out of the Pandemic,” indicating that he will use regulatory powers and other actions to increase the number of vaccinated Americans. His plan includes a multi-pronged, comprehensive national strategy.