RXDC Reporting: What Employers Need to Know
Below you will find a link to the form to input the necessary information for submission. We respectfully request that this information be submitted electronically by 5/1/2023 via
https://www.nipponlifebenefits.com/consolidated-appropriations-act-input-form
- The total monthly medical premium amounts paid by you, the plan sponsor, on behalf of participants and beneficiaries in calendar-year 2022.
- The total monthly medical premium amounts paid by participants and beneficiaries in calendar-year 2022 (that is, separate from the medical premium amounts paid by you as the plan sponsor).
We have created an FAQ to help answer any questions you may have.
You can also find additional information specific to this reporting requirement is here: https://www.cms.gov/cciio/programs-and-initiatives/other-insurance-protections/prescription-drug-data-collection#:~:text=Under%20Section%20204%20(of%20Title,is%20called%20the%20RxDC%20report
Disclaimer
This information is subject to change, at any time and without notice, by Nippon Life Insurance Company of America. Further, the policies and procedures summarized herein may vary based upon your policy situs state and/or state of residence. Please contact Customer Service for additional details.
This material and information is intended for informational purposes only – the material and information provided on this website does not, and is not intended to, constitute legal or medical advice.