Welcome to our Legislative Review page for employers. For information on legislative and regulatory topics released during Q3 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

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?
  • Understanding Fiduciary Duties | Beyond the Benefits Podcast

Savoy Academy | Employer Services and Compliance Webinar Series

Attend one of our upcoming Employer Services and Compliance webinars—you may quality to earn 1 HR recertification credit and 1 PDC recertification credit for your participation. 

Register for an upcoming Employer Services and Compliance webinar.

Q3 2024 Legislative Review 

Federal

July

• Chevron Overturned: Federal Agencies Lose Power. How Will Employers React?
  • In Loper Bright Enterprises v. Raimondo, the Supreme Court overturned a 40-year-old precedent, which will likely impact the process of issuing federal regulations.
• A “Mixed Bag” Decision, ACA Preventive Care Litigation Continues
  • The U.S. Court of Appeals indicated that a universal injunction impacting the preventive care mandate was not warranted, and employers still need to cover recommended preventive services at no cost.

August

• Medicare Part D Employer Notification Requirements
  • Plan sponsor notice regarding the organization’s prescription benefits must be provided to any Medicare-eligible person whether due to age or disability and is required for employees, spouses, dependents, those on federal COBRA or state continuation including retirees. Notice must be provided before Open Enrollment begins on October 15.

September

• ACA Affordability Percentage Remains Below 9.5% for 2025
  • Recent guidance from the IRS has increased the affordability percentage for 2025.
• Mental Health Parity and Addiction Equity Act Final Rules Released
  • All fully insured and self-funded group health plans are required to comply with MHPAEA. This article covers key points on the final rule.
• Guidelines for Processing Medical Loss Ratio Rebates
  • Plan sponsors receiving an MLR rebate typically have a fiduciary responsibility to manage the funds according to specific administrative guidelines for processing carrier rebates.

2023 Legislative Review

Visit the following page for our legislative updates from 2023. 

• 2023 Legislative Year in Review

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.