Prescription Drug Benefits Reporting Deadlines for Your Clients

Most of your clients likely have upcoming deadlines under federal prescription drug benefits reporting requirements.

Under the 2021 Consolidated Appropriations Act (CAA), insurance companies and employer-based health plans must submit information annually to the Centers for Medicare and Medicaid Services (CMS) about prescription drug benefits and health care spending.

Enforcement of the requirements was relaxed for reports due in 2021 and 2022. The requirements for reports due in 2023 are being enforced. Failure to report can lead to a penalty of $100 per day per affected individual.

Get a summary of the reporting requirements, understand how the carriers can help you and your clients, and be aware of upcoming deadlines.

Turn Your Profile Into a Business Growth Machine

Social selling is about finding, engaging, and connecting with your target audience through social media. It can help you better qualify prospects, expand your reach and raise awareness, promote your company, engage with prospects and clients, conduct research, gain trust, and establish relationships to increase sales.

To help you leverage LinkedIn to build your business, our first Social Selling Tips article gives you a step-by-step framework to optimize your profile to increase your visibility, engagement, and leads.

For playbooks on how to acquire clients through LinkedIn, check out our upcoming LinkedIn Social Selling Tips.

Get the framework to turn your profile into a business growth machine.

2023 Premier Producer Programs

Increase your revenue with the Reliance Matrix 2023 SmartChoice Premier Producer Program and the 2023 Premier Producer Program.

Reminder: Reliance Matrix is the new name for Reliance Standard.

2023 SmartChoice Premier Producer Program
The SmartChoice portfolio of products features plan designs for groups with 2-19 lives. The two-part, three-tier program allows you to earn more as you write more.

2023 Premier Producer Program
Available for all lines of coverage outside of the SmartChoice portfolio (employer-paid and voluntary group contracts), the Premier Producer Program offers customizable plan options for groups with 10+ enrolled. Hit the agreed upon goals and you'll be rewarded with enhanced compensation on your book of business.

Get the details and contact us today for a Reliance Matrix quote.

2023 SMB Benefits & Employee Insights Report

According to the recently released Ease 2023 SMB Benefits and Employee Insights Report, the smallest businesses are seeing the biggest medical premium increases. The report also offers insights into the benefits pressures employers and employees face and shares data to help you and your clients make informed decisions for the coming year.

You'll Find Insights and Trends On:

• Medical Premiums and Contributions
• Health Plans Offered
• Voluntary Benefits
• SMB Growth
• Special Report: Recession-Proofing Your Business

For a deeper understanding of the latest benefits trends and to better advise your clients, download the Ease Report.

Webinar: HSAs Are Not One Size Fits All

BRI is offering a new Health Account Outlook Series which will run from February through April 2023. Through this series they will tackle a variety of topics affecting health accounts including generational and behavior trends, consumer attitudes, how legislation and rules impact your strategy, and some of the hidden challenges (and opportunities) of health accounts.

This Session Will Cover:

• How account options and layering can meet the needs of all employees. Break down the rules behind layering HSAs, FSAs, HRAs and even VEBAs.
• Making the case: Why employers may need to offer a multi-account strategy and why employees like options.
• How it works in practice: A BRI case study with an FSA/HSA option.

Webinar Details:

• Date: Tuesday, March 7, 2023
• Time: 10:00 am to 10:45 am PST
• Place: Online

Register now. And contact us when you're ready to enroll a group in a BRI Specialty Account.