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EMPLOYER ACTION REQUIRED!
Plan Data Needed by March 21 to Meet Federal Mandates
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Federal mandates require the submission of data related to prescription drugs and healthcare spending by employer-sponsored health benefit plans in 2022.
What we'll do:
- Star Marketing and Administration, Inc., will submit this data* on your behalf, but we require your input to complete the submission accurately.
What employers are required to do:
- Click on the “SUBMIT INFORMATION” button and answer the survey questions by March 21, 2023.
Provisions of Consolidated Appropriations Act, 2021, (CAA) apply to your plan even if it is no longer administered by us. Plan sponsors that fail to report this required data may be subject to penalties under both ERISA and the Internal Revenue Code.
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Here's what we need from you:
- Provide required information about your company and plan. Click on the button above to enter all information that is requested.
- Provide the required employee and employer contribution for your plan in 2022 as a percentage of total plan costs. Review the chart below to see how calculations are made.
| Calculation Example for Required Contributions for Group Plans in 2022 |
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| Category | Required contribution for an employer-sponsored health benefit plan in 2022 | Calculation
(Payments in 2022 for Category/Total payment = percentage to report) | Percentage reported |
| Covered employees’ required contribution | $100,000 | $100,000 / $300,000 = 33.3% | 33% |
| Employer’s required contribution | $200,000 | $200,000 / $300,000 = 66.6% | 67% |
| Total | $300,000 | | 100% |
Please be sure the two percentages add up to 100%. Total payment is made to Star Marketing and Administration, Inc., by employer.
- If you filed an IRS Form 5500 for your plan, we’ll need the three-digit plan number that you reported. Review the image below to see where to find your plan number. If you did not file a Form 5500, please enter N/A.
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If you have questions…
Active and inactive groups can call 800.522.1246, ext. 35380, with questions.
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*The CAA requires the submission of certain data by June 1, 2023, for the Prescription Drug Data Collection (RxDC) report. We will submit data annually for each group. The data will show spending on prescription drugs and healthcare services, prescription drugs that account for the most spending, drugs that are prescribed most frequently, prescription drug rebates from drug manufacturers, the required contribution for each employer-sponsored plan in 2022 for covered employees, as well as cost-sharing for covered employees.
Trustmark® and Trustmark Small Business Benefits are trademarks of Trustmark Insurance Company.
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Trustmark Small Business Benefits®
Plan design availability and/or coverage may vary by state. Self-funded plans are administered by Star Marketing and Administration, Inc., and stop-loss insurance coverage is provided by Trustmark Life Insurance Company.
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©2023 Star Marketing and Administration, Inc.
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