CMS recently released the Prescription Drug Data Collection Reporting Instructions for the 2022 calendar year (the 2022 RxDC instructions). The 2022 RxDC instructions reflect numerous changes from the prior year’s instructions.
Under the CAA, Section 204, fully insured and self-insured group health plans and insurers are required to report certain prescription drug and healthcare spending data to CMS. The data must be submitted to CMS’s Health Insurance Oversight System in specified files and formats.
The 2020 and 2021 calendar year data submissions were due by December 27, 2022. The 2022 calendar year data must be submitted by June 1, 2023.
Key updates to the 2022 RxDC instructions include, but are not limited to:
The 2022 RxDC instructions also reference additional resources available to assist group health plans and insurers with the reporting process.
Group health plan sponsors should be aware of the updated instructions and work closely with their insurers, TPAs, PBMs and other vendors, as applicable, to ensure the 2022 required data is timely and accurately submitted by the June 1, 2023, deadline.
2022 RxDC Instructions »
PPI Benefit Solutions does not provide legal or tax advice. Compliance, regulatory and related content is for general informational purposes and is not guaranteed to be accurate or complete. You should consult an attorney or tax professional regarding the application or potential implications of laws, regulations or policies to your specific circumstances.
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