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COMPLIANCE ALERT: Grace Period Issued for Rx Drug Reporting

Axiom Human Resource Solutions compliance alert graphic featuring Rx drug reporting grace period, with stethoscope, prescription pad, and teal and white capsules.

On Dec. 23, 2022, the Departments released an FAQ stating that, for the 2020 and 2021 data submissions due by Dec. 27, 2022, they will not take enforcement action with respect to any plan or issuer that uses a good faith, reasonable interpretation of the regulations and the RxDC reporting instructions in making its submission. The Departments are also providing a submission grace period through Jan. 31, 2023. Read the full article at Apex Benefits for more details.