“The Affordable Care Act (ACA) requires applicable large employers (ALEs), meaning employers that averaged at least fifty full-time employees (including full-time equivalent employees) during the preceding calendar year, to offer at least 95% of their full-time employees and the children of those employees who are under the age of 26 medical coverage that qualifies as minimum essential coverage.”
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The Inflation Reduction Act of 2022 (IRA) included several cost-reduction and benefit-enhancement provisions affecting Medicare Part D plans. The most significant Medicare Part D-related provision that impacts employer-sponsored group health plans is that the annual...
There are several compliance obligations that employers need to complete throughout the year. The attached compliance summary focuses on key benefit program compliance requirements for the third calendar quarter of 2024. Please note that this summary includes general,...
MZQ Beacon Alert - April 29, 2024 In this Edition: "The Consolidated Appropriations Act of 2021 established a new data collection requirement for employers ofall sizes and funding structures, where such entities must now submit annual prescription drug data...