DOL finalizes PBM disclosure rule: starting 2027, pharmacy benefit managers must share fee and compensation data with self-funded employers
Key points
- DOL finalized a PBM disclosure rule effective starting 2027
- PBMs must share broad fee and compensation data with self-funded employer clients
- A WTW survey found employers expect workers will likely bear more healthcare costs
HR Dive rounded up seven stories on benefits during open enrollment. The US Department of Labor finalized a pharmacy benefit manager (PBM) disclosure rule. Starting in 2027, PBMs must share broad fee and compensation data with self-funded employer clients. A WTW survey found employers expect workers will likely shoulder more healthcare costs. A consultant said planning for 2028 benefits should begin in January.
What employers should do
- Confirm fee and compensation data disclosure arrangements with PBMs
- Include 2028 benefits planning in the January start
Original report: HR Dive ↗AI-assisted brief; may contain inaccuracies. Rely on the original reports and official documents. For information only; not legal, immigration or insurance advice.