Welcome to our Legislative Review page for employers. For information on legislative and regulatory topics released during 2024, please visit the following links.

YOUR DEDICATED BROKER CAN HELP

We encourage employers to contact their broker directly to discuss recent legislative changes and how they apply to your business.

Visit the following pages for our legislative updates from 2024.

• Q1 2024 Legislative Review
• Q2 2024 Legislative Review
• Q3 2024 Legislative Review

What Are Employer Responsibilities?

Savoy has created extensive compliance guides to help you stay informed and navigate through the changes. 

Get the details on these top topics:

• Gag Clause Attestation Requirements Resources
  • FAQs Guide
  • Carrier Reference Guide
  • Gag Clause Attestation Requirements | Beyond the Benefits Podcast
• RxDC Reporting Resources and Carrier Guidelines
• Transparency in Coverage Rule Resources
• Fiduciary Duties Series
  • Understanding Fiduciary Duties
  • The Standard of Conduct for Fiduciary Duties
  • When and Where Do Fiduciary Duties Apply 

Q4 2024 Legislative Review 

Federal

October

• 2025 Health FSA Inflation Adjustments Released
  • The IRS has issued Revenue Procedure 2024-40, detailing inflation-adjusted 2025 limits for health FSAs, QSEHRAs, adoption assistance and transportation benefits.
• Regulatory Remix: New Federal Guidance Expands Preventive Health Coverage
  • Federal agencies recently issued new guidance to expand and clarify preventive coverage for HSA-eligibility and coverage with no cost-sharing as required under the Affordable Care Act (ACA).
• Updated Cybersecurity Guidelines Now Apply to All Types of ERISA Plans
  • The Department of Labor's updated cybersecurity guidance clarifies that its recommendations apply to all ERISA plans and encourages employers to audit their protocols and address any gaps.

December

• PCORI Fee and Filing Deadlines Released for 2024-2025
  • The PCORI fee established by the ACA helps fund research to evaluate and compare health outcomes, clinical effectiveness, risks, and benefits of medical treatment and services. 
• Congress Delivers HSA Telehealth Extension and ACA Reporting Relief
  • Congress extends the Health Savings Account (HSA) telehealth relief and makes updates to ACA 1095-C reporting. 

New Jersey

October

• New Jersey Amends Grace’s Law
  • The amendments to Grace's Law expand health benefit coverage for hearing aids and provide coverage for cochlear implants.

This page and its links are informational only and are not intended to constitute legal, tax or business advice. For further information, please refer to your lawyer, business or tax advisor. The accuracy, currency or completeness of the information contained herein is not guaranteed.