How Hospital Chargemaster Law Impacts Employer Health Plans

This New Year’s Eve hospital systems across the country watched the ball drop in NYC while also preparing their double-dutch secret pricing lists to post online. In industry parlance, this master pricing is known as a Chargemaster. This federal mandate falls under a requirement in the 2010 Affordable Care Act that calls for every service or procedure and it’s associated billing costs to be listed online. Until this week, hospital systems were not required to publish them.

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2023 LIMITS ANNOUNCED BY IRS

The Internal Revenue Service ("IRS"), has just released their annual limits for 2023. Yes, this is the kind of thing that gets me all excited. It must be hard for the IRS, whose sole purpose is to collect taxes, to furnish us the new limits allowing for greater tax savings for astute health plan participants who like to save money and make the most out of our estate planning. This does not mean we do not believe in paying our fair share ... it only means we do not like to pay more than our fair share.

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