According to the Consolidated Appropriations Act (CAA), health insurers that offer group or individual health coverage, as well as self-funded group health plans, must report annual data on prescription drugs and healthcare spending to the departments of Health and Human Services, Labor, and Treasury.
EMI Health will take care of submitting the files for all customers who had active coverage during the 2022 reference year, provided that the necessary information has been submitted to EMI by April 15, 2023.
The Average Monthly Percentage of Premium for the Medical Plan is required for this reporting. Please provide us with the percentage of coverage paid by the employee (including any applicable dependents) and the percentage of coverage paid by the employer/group. The total percentage should add up to 100%. Here is an example of this calculation: