Group Health Plans Must Cover COVID-19 Testing for Asymptomatic People
The Centers for Medicare and Medicaid Services announced in late February that private group health plans cannot deny coverage or impose cost-sharing for COVID-19 diagnostic testing, regardless of whether or not the patient is experiencing symptoms or has been exposed
HHS Proposes Higher Cost-Sharing Limits for 2022
The Department of Health and Human Services has proposed cost-sharing limits that would apply to all Affordable Care Act-compliant health insurance policies for the 2022 policy year. The ACA imposes annual out-of-pocket maximums on the amount that an enrollee in a
IRS Lets Employers Give Workers a Break on FSA Contributions, Health Plan Rules
New guidance from the Internal Revenue Service allows employers to temporarily give their employees extra benefits leeway in making changes to their flexible spending accounts (FSAs) and health savings accounts (HSAs). The guidance, in response to the COVID-19 pandemic, also allows
The Top Five Health Conditions Driving Insurance Costs
A new study has identified the top five health conditions that are driving the overall cost of group health plan outlays, and without which spending would actually be falling. The report is enlightening, and employers can use the findings to offer
Generics and Biosimilars the Key to Reducing Drug Spending
The soaring cost of new prescription drugs is becoming a major driver in overall health insurance price increases, and some of those drugs are so expensive that they are out of reach for the average patient. When people can't afford the