Employee Wellness
Provide your employees with the latest wellness newsletter with the May edition of Live Well, Work Well.
Educate employees about their benefits with the May Benefits & Me Newsletter.
New from HR on Mic: RxDC Reporting
If you feel like the list of employer reporting requirements continues to grow, you’re not imagining things. Recently, the new kid on the block was the RxDC Report. June 1, 2024 is the deadline for reporting the 2023 RxDC information to CMS.
What is the RxDC Report? RxDC stands for “prescription data collection.” The goals of the report include identifying the drivers of prescription drug and medical cost increases and providing more transparency to consumers when it comes to those costs. Employers and insurance carriers both have a role in filing the report.
Medicare News
3 Ways to Save Big on Medicare in Retirement
Wegovy Opens the Door to Medicare Coverage for Millions of People with Obesity
Saving Money with the Prescription Drug Law
Multi-State Compliance Notice
PLEASE NOTE: Several states and localities now require employers to provide employees with paid sick and/or paid family leave. In some states and localities, this leave is funded by a payroll tax earmarked for this purpose. In some states and localities, sick leave and family leave are funded by a required insurance policy to be provided by the employer.
If you are a multi-state employer or if you have remote employees who perform work in a jurisdiction that requires paid sick leave or paid family leave, you should become familiar with the requirements of the states/localities where your employees perform their work. You should require employees to notify you if they relocate to a different jurisdiction. You may want to seek legal advice if you are unsure of the requirements in your specific situation.
If you're looking for more information on this matter, please listen to our recent episode of HR on Mic, State Paid Family and Medical Leave Laws.
HR and Compliance Insights
RxDC Reporting for 2023 Plan Year
Virginia Wellness Benefits Suspended
Anthem and Chesapeake Regional Negotiations
Chesapeake Regional is negotiating its contract with Anthem in order to "protect our long-term sustainability and preserve access to doctors and care teams who truly understand and serve the growing local health and wellness needs today, and for generations to come."
If the two companies are unable to reach a resolution by June 30, 2024, Chesapeake Regional will be considered an out-of-network provider for patients with Anthem health insurance.
*New* Sentara Well-Being Rewards
The Sentara Well-Being Rewards program offers a flexible and inclusive solution for fully insured employers to help their workforce join in activities that lead to better health outcomes. Eligible members can earn up to $250 annually by completing healthy activities starting with their 2024 plan effective date.
There is nothing the employer needs to do—the Well-Being Rewards program will automatically activate at the start of each group’s 2024 renewal or contract year.