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Feds issue guidance on impending healthcare plan cost reporting

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There is always something exciting happening at Lockton. Here are just a few from our newsroom.

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Alert
Feds issue guidance on impending healthcare plan cost reporting

Executive summary Federal authorities have issued an interim final regulation addressing requirements, imposed under last year’s Consolidated Appropriations Act, for health plans and insurers to submit information about prescription drug and other healthcare plan spending. The reports are expected t …

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California imposes new mandates for transparency, COVID-19 services and pediatric mental health services

California just completed a busy 2021 legislative session, imposing a variety of new health insurance mandates. Here are the highlights. Please note that as with any state insurance mandate, the new California mandates do not apply to self-insured ERISA plans, nor to insured plans that are not subje …

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Illinois requires all employers with employees in Illinois to send those employees a summary of group health insurance benefits

In September, Illinois passed a law that requires any employer (including local governments, school districts and employers outside of Illinois) that both (1) has employees who are “gainfully employed in Illinois” and (2) offers group medical benefits to provide all eligible employees (not just thos …

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IRS announces benefit plan limits for 2022

The IRS has announced welfare and retirement benefit plan limits for 2022. There are many sections in the Tax Code that limit the amount of tax-favored welfare and retirement benefits an employer may provide or an employee may receive. The IRS updates these limits annually to account for inflation.  …

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OSHA, CMS issue much-anticipated vaccine-related guidance

Update: Legal challenges to OSHA's Emergency Temporary Standards have begun On Saturday, Nov. 6, a court in Louisiana granted a temporary stay of the OSHA Emergency Temporary Standard (ETS) while evaluating whether the ETS should be permanently blocked. The states of Texas and Louisiana, along with  …

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Feds extend the federal contractor vaccine mandate deadline to Jan. 4, 2022, and offer additional clarification

Today, the White House announced that the deadline for the federal contractor vaccine mandate is extended to Jan. 4, 2022. This change was made to align with the vaccine mandate issued today by the Centers for Medicare and Medicaid Services (CMS), as well as the long-awaited and much-anticipated tes …

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