Risk Strategies Blog Another Season Begins...Another Compliance Deadline Looms: RxDC Reporting

Summary: Spring is officially here, and with a new season comes a new compliance deadline looming for employers sponsoring group health plans: RxDC reporting for the 2024 reference year.The Centers for Medicare and Medicaid Services (CMS) recently released updated RxDC reporting instructions for the 2024 reference year, which is due on June 1, 2025.The updated instructions confirm no changes from the previous version of RxDC reporting instructions other than updating the reference year from 2023 to 2024.Read on for a general overview of RxDC reporting and plan sponsor considerations ahead of the June 1, 2025 deadline.