Bringing Employee Benefits Full Circle

⛔IRA Changes to Medicare Part D May Impact Employer Plans⛔ (March)

weighting scale, equal-arm balance, symbol

The Inflation Reduction Act of 2022 (IRA) includes several cost-reduction provisions to Medicare Part D plans that are designed to help beneficiaries but may also impact employer-sponsored health plans.

891339 IRA Changes to Medicare Part D May Impact Employer Plans.docx

❗Employers Should Start Preparing for 2025 RxDC Reporting❗ (March)

Group health plans and health insurance issuers must annually submit detailed information on prescription drug and health care spending to the Centers for Medicare & Medicaid Services {CMS). This reporting is referred to as the “prescription drug data collection” (or “RxDC report”). The next RxDC report is due by Sunday, June 1, 2025, covering data for 2024.

Employers Should Start Preparing for 2025 RxDC Reporting.docx

Celebrate the luck of the Irish! 🍀