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New federal PBM transparency mandates include $10K-per-day fines for employers
By Allison BellEmployers should make sure they know who's responsible for paying the PBM noncompliance penalties, a compliance attorney says.
Anything related to share of benefits paid by the employee--their share of insurance premiums, voluntary benefits such as student-loan repayment, pet insurance, accident insurance. How to shop for these benefits and present them to employees in a way that encourages them to buy and use them.
Employers should make sure they know who's responsible for paying the PBM noncompliance penalties, a compliance attorney says.