Medical and Prescription Drug Costs Reports Due by December 2022
On Nov. 17, 2021, the Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury (Departments) released an interim final rule requiring health plans and issuers to report information regarding the cost of prescription drugs and certain medical...
Advantages of Benchmarking Your Benefits Program
An attractive benefits program is vital for your recruiting and retention efforts, but it is also a significant expense. To ensure you are providing a package that is both competitive and economical, you need to know how your offerings compare to others in your...
OSHA Suspends Vaccination Mandate
The U.S. Occupational Safety and Health Administration (OSHA) announced today via its OSHA ETS homepage that it “has suspended activities related to the implementation and enforcement of the ETS pending future developments in the litigation.” This announcement was...
Federal (Sub)Contractor Vaccination Mandate Update
On November 10, 2021, the Safer Federal Workforce Task Force (“SFWTF”) updated its Guidance for Federal Contractors and Subcontractors and its FAQs for contractors subject to the new vaccination mandate. Notably, the update includes an extension for the deadline to be...
2022 Health FSA Limit Increase
The IRS released Revenue Procedure 2021-45 (Rev. Proc. 21-45), which permits the following increases for health FSAs for plan years beginning in 2022: $2,850 Contribution limit ($100 increase from the 2021 health FSA limit) $570 Carryover limit, for FSAs with a...