UnitedHealthcare (UHC) plan sponsors have until March 31 to provide data needed to complete the annual Prescription Drug Data Collection (RxDC) reporting. To comply with the Consolidated Appropriations Act (CAA), passed in December 2021, insurance carriers and employer-based plans must submit...
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Aetna recently emailed employer groups that had Aetna coverage for any period in 2024, requesting data needed to comply with the Prescription Drug Data Collection (RxDC) reporting requirement. To comply with the Consolidated Appropriations Act (CAA) passed in December 2021, insurance companies and...
Changes to the reporting requirements (1094 /1095 series) imposed by the Affordable Care Act (ACA) were signed into law late last year. The Employer Reporting Improvement Act and the Paperwork Burden Reduction Act at face value provide some administrative relief to employers required to provide the...
The Missouri Department of Labor and Industrial Relations (DOL) recently released the state’s new minimum wage poster addressing the wage increase approved by voters this past November. On January 1, the required minimum hourly rate will increase to $13.75.
Missouri voters approved Proposition A increasing the Missouri minimum wage rate on January 1, 2025, from the current-day $12.30 an hour to $13.75. In January of 2026, the hourly required rate will reach $15. Once available, Bukaty Companies will issue the updated Missouri minimum wage employment...
The 2025 health flexible spending account (FSA) contribution limit is $3,300, as established by the IRS in a recent announcement. FSA enrollees can contribute $100 more toward their FSA than was allowed in 2024. The maximum carryover amount for cafeteria plans that allow unused funds to roll over...
Less than six months after the Department of Labor (DOL) adjusted overtime salary thresholds, another adjustment is around the corner. Starting January 1, 2025,executive, administrative and professional employees who are exempt from overtime based on their duties must earn a minimum annual...
The Consolidated Appropriations Act (CAA) gag clause prohibitionrequires issuers and plan sponsors to attest that any agreements they enter with health care providers, third-party administrators or other service providers will not contain language restricting access to cost and quality-of-care...
Area insurers (carriers) are beginning to distribute 2023 plan year medical loss ratio (MLR) rebates. The Affordable Care Act requires insurers to meet MLR requirements each year. If an insurer doesn’t meet the minimum MLR (spend 80 to 85 percent of its premium dollars on health care or activities...