Prescription Drug Data Collection (RxDC) Reporting (continued) What information is being requested? Each vendor is approaching this a bit differently. In general, carriers are requesting the following information to be completed via an online form: • Group Name • Group Number • Average monthly premium paid by members for 2023 • Average monthly premium paid by the employer for 2023 • Form 5500 Plan Number, if applicable How will this reporting impact group health plans? While RxDC creates an extra administrative burden for plan sponsors (generally, the employer), the goal of the new reporting is for agencies to gather information that can be used by the federal government. The Agencies plan to use this information to issue public reports on prescription drug pricing costs and trends with the goal of lowering drug costs. What are next steps for employers? Plan sponsors with fully insured group health plans should act by the deadline communicated in the carrier communication. Plan sponsors with self-funded group health plans should connect with their TPA to understand their role in the RxDC reporting. Please work with your TPA closely to ensure proper action is taken to meet the deadline. Please click the link below if you want more information regarding RxDC reporting. If you have further questions or concerns, please contact your EBS Consultant. Resources: 2024 Prescription Drug Reporting (RxDC Report)