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The Affordable Care Act’s Employer Shared Responsibility rules compel Applicable Large Employers (ALEs) to offer qualified, affordable health coverage to full-time employees or risk penalty exposure.
The Consolidated Appropriations Act of 2021 (CAA) includes a new prescription drug reporting mandate that requires group health plans and insurance companies to report information to CMS about prescription drug pricing and healthcare spending data. The fi
Monday, December 21, 2020 View Larger + Employers have seen changes to almost every aspect of employee benefits in 2020, from state and local laws and new benefits legislation to an avalanche of guidance aimed at helping employers cope with the pandemic. The following is not a comprehensive review of every change, but a highlight of several key developments for employers to note as 2021 approaches. Required Coverage of COVID-19 Vaccines Under the Affordable Care Act (ACA), non-grandfathered group health plans are required to cover certain preventive care services without cost-sharing. The ...