Under the Consolidated Appropriations Act of 2021, individuals who oversee and manage health plans can be held personally liable if organizations fail to meet these obligations. Your health plan may be exposing you to new risks.Are you prepared to meet these significant new fiduciary requir…Continued
By Zack Fritz, Sage Policy GroupThe economy rarely performs as well as it is right now, and the fact that the U.S. has attained full employment is a large part of the reason for that performance. The unemployment rate has now remained below 4.0% for 26 consecutive months. For context, there were on…Continued
Group health plans and health insurance issuers must annually submit detailed information on prescription drug and health care spending to the federal government. This reporting is referred to as the “prescription drug data collection” (or “RxDC report”). This is an annual reporting requirement—pla…Continued
Traditionally, January is the month that ushers in changes and resolves. But in terms of Stop-Loss high-cost claims and injectable drugs, the real changes happen in April when Sun Life releases their annual report. Last year, we highlighted some the of the key takeaways from Sun Life’s 2022 Stop-Lo…Continued
By Zack Fritz, Sage Policy GroupThe Federal Open Market Committee (FOMC), the committee within the Federal Reserve that sets the federal funds rate, released new economic projections during the third week of March. While the FOMC still expects three 25 basis point rate cuts through the remainder of…Continued
Looking to terminate your defined benefit plan? The time has never been better.If you are like most Defined Benefit (DB) Plan sponsors, your plan is probably frozen and most of your active employees are not eligible to enter the plan. You likely have a legacy liability sitting on your balance sheet…Continued
