Insights

On December 20, 2022, the IRS issued IRS Notice 2023-04, which describes the indexing factor to calculate the qualifying payment amount (QPA) for items and services furnished in 2023 under the No Surprises Act (NSA). As a refresher, the NSA, in part, provides protections for individuals from surprise bills for certain out-of-network emergency and non-emergency services. The guidance in Notice 2023-04 is used to calculate the QPA when a health plan does not have sufficient information to calcula

On December 30, 2022, the IRS proposed regulations to permanently change retirement plan rules that require certain participant elections and spousal consents to be witnessed in the physical presence of a notary or plan representative. If specified conditions are met, the proposed regulations will allow affected qualified retirement plans to also accept remote notarization or witnessing by a plan representative. IRS regulations have historically required that certain participant elections and s

On December 23, 2022, Gov. Hochul signed into law Assembly Bill No. 372, which amends the insurance laws to prohibit copayments during treatment at an opioid treatment program. Under the amendment, every policy that provides coverage for treatment at an opioid treatment program cannot impose a copayment fee during treatment on any insured for such treatment. An 'opioid treatment program' is defined as a program or practitioner engaged in opioid treatment of individuals with an opioid agonist tr

On December 29, 2022, President Biden signed the Consolidated Appropriations Act, 2023 (HR 2617) into law. The main purpose of this legislation is to continue funding certain government operations. However, the bill also adopts the SECURE 2.0 Act of 2022 (SECURE 2.0) relating to retirement plans. SECURE 2.0 follows the Setting Every Community Up for Retirement Enhancement Act (SECURE Act), which was passed as part of the 2020 appropriations bill. SECURE Act 2.0 introduces new provisions af

On December 23, 2022, the Departments of Health and Human Services (HHS), Labor and the Treasury (collectively, the departments) published an amendment to the Calendar Year 2023 Fee Guidance for the Federal Independent Resolution Process under the No Surprises Act, which was previously published October 31, 2022. We covered this original guidance in our November 8, 2022, edition of Compliance Corner. The original guidance provides information on the federal independent dispute resolution (IDR)

HR Practitioners are tasked with creating comprehensive, compliant and competitive leave offerings. Join us as we review the results of our latest Leave Management Benchmarking Survey and provide insight on our new Human Capital Solutions practice. All attendees will be provided a copy of the report.

Congress Passes Federal Spending Bill with Important Employee Benefit Provisions Last week, Congress passed the Consolidated Appropriations Act, 2023 (CAA 2023), a $1.7 trillion-dollar annual federal spending bill. The CAA 2023 includes several bipartisan provisions that affect group health plans and adopts important retirement plan proposals known as SECURE 2.0. The CAA 2023 provisions applicable to group health plans include the following: Telehealth Relief Extension - The CAA 2023 provides

Effective for plan years beginning on or after January 1, 2023, the Transparency in Coverage Final Rule (TiC) requires most group health plans and carriers to make personalized out-of-pocket cost information available to participants through an internet-based self-service tool or in paper format (upon request). The requirements do not apply to grandfathered plans, account-based plans (e.g., HRAs and FSAs) and excepted benefits (e.g., stand-alone dental and vision benefits). The purpose of the s

On December 12, 2022, CMS released the proposed Notice of Benefit and Payment Parameters Rule for 2024. This notice is issued annually preceding the applicable benefit year and, once final, adopts certain changes. Additionally, CMS issued Premium Adjustment Percentage and related guidance to inform the payment parameters for the 2024 benefit year. While the proposed rule primarily impacts the individual market and the Exchange, CMS's Premium Adjustment Percentage and related guidance addresses