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December 1, 2022
Plan sponsors that provide prescription drug coverage to Medicare-eligible individuals must also disclose to CMS annually whether the coverage is creditable or noncreditable. This disclosure must be made no more than 60 days after the beginning of each plan year.
September 1, 2022
On Aug. 16, 2022, the IRS updated its FAQs on the ACA's employer shared responsibility rules to include updated penalty amounts for 2023. These penalty amounts are adjusted annually.