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Actions to Fulfill Employers’ Enhanced Fiduciary Obligations under the 2021 Consolidated Appropriations Act

July 30 @ 11:30 am 1:00 pm

Overview

Overview: The Consolidated Appropriations Act (“CAA”), considered by many to be the most significant reform to health care since the ACA, introduced a variety of compliance rules related to employer fiduciary responsibilities. New requirements around gag clauses, governance oversight, and transparency pose significant challenges to employers of all sizes. This webinar will focus on the impact of the CAA on employers specifically related to managing benefit costs, overseeing vendors, and leveraging CAA tools to improve benefits and defend against emergent litigation risk (which carries personal liability).

Objectives

  • Understand the employer’s fiduciary responsibilities to expertly manage the benefit plan and to comply with CAA requirements
  • Recognize CAA’s employer transparency requirements related to removal of gag clauses on price and quality, disclosure of compensation to brokers and consultants, mental health parity and substance use disorder benefits, and reporting on pharmacy benefits and drug costs
  • Understand actions needed to ensure compliance with fiduciary responsibilities to avoid potential allegations of imprudent financial processes or adverse legal actions
  • Develop tactical action steps necessary for CAA compliance

Who Should Attend

Employer benefits, compliance, finance, and leadership teams

Speaker

Darren Fogarty
Associate Director of Purchaser Value
Purchaser Business Group on Health

Registration

KHC Members: Free
Non-KHC Members: $25