The Beacon – December 27, 2022

MZQ Beacon Alert – December 27, 2022

In this Edition:

“Late in the afternoon on December 23, 2022, the Administration issued Affordable Care Act FAQ #56, and in doing so gave a little holiday gift to all group health plans nationwide. The guidance establishes limited deadline and enforcement relief for the 2020 and 2021 Prescription Drug Data Collection (RxDC) submissions that were due by December 27, 2022. There will be a compliance safe harbor for all group health plans and health insurance issuers that use a good faith, reasonable interpretation of the regulations and reporting instructions when making data submissions.”

Download the report to learn more about the contents of the released FAQ and guidance on the simplified reporting for 2020 and 2021 data submissions.

Download the Report

Recent & Related

The Beacon – May 18, 2023

MZQ Beacon Alert - May 18, 2023 In this Edition: "On May 16, 2023, the Internal Revenue Service released updates to the maximum annual 2024 contribution limits for health savings accounts (HSAs) under high deductible health plans (HDHPs). These limits, which have...

The Beacon – April 12, 2023

MZQ Beacon Alert - April 12, 2023 In this Edition: "On April 10th, 2023, President Biden signed H.J. Res. 7 into law, thereby ending the national state of emergency related to COVID-19 that was declared under the National Emergencies Act." Download the report to learn...

The Beacon – March 29, 2023

MZQ Beacon Alert - March 29, 2023 In this Edition: "The federal Centers for Medicare and Medicaid Services released the 2022 instructions for the prescription drug and health care spending data collection (RxDC) requirement on Monday, March 27, 2022. RxDC is the new...