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Flexible Spending Accounts are a Good Deal

GovLoop

The Federal Flexible Spending Account Program (FSAFEDS), administered by HealthEquity, Inc., FSAFEDS provides three account options to support the needs of employees and their families. All three work by automatically deducting money from each paycheck — before payroll taxes —and putting it into an account.

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Acentra Health’s Verlon Johnson to Chair Medicaid and CHIP Payment Access Commission

WashngtonExec

Acentra Health’s Health Executive Vice President and Chief Strategy Officer Verlon Johnson has been appointed chair of the Medicaid and Children’s Health Insurance Program Payment and Access Commission by the Government Accountability Office. I am deeply humbled and profoundly [.]

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It’s Open Season! How to Stay Calm and Make Choices

GovLoop

One of those is establishing or renewing our health insurance plan. Maggie Martel, Enrollment and Member Support, Healthcare and Insurance in the Office of Personnel Management offered some guidance for navigating open season. What you pay each month for your health insurance, automatically deducted from your paycheck.

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Whistleblower Suits Lead to Massive Rite Aid Settlements Relating to Opioid Dispensing and Reporting Rebates

Whistleblower Network News

101 Million Settlement over Allegations of Falsely Reporting Rebates Rite Aid and Rite Aid subsidiaries, Elixir Insurance Company, RX Options LLC and RX Solutions LLC agreed to pay the government $101 million to settle the allegations of falsely reporting rebates. Lutzko for the Northern District of Ohio.

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FDIC Must Arbitrate $125M EY Bank Fraud Fight

Government Contracts

The Federal Deposit Insurance Corp. must arbitrate its bid to recover $125 million from EY for bank fraud that the accounting behemoth allegedly failed to uncover, a Louisiana federal judge ruled Tuesday, finding now-defunct First NBC Bank entered an arbitration agreement to which FDIC, as the bank's receiver, remains bound.

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Financial regulators have work to do on developing and tracking fintech skills of staff, watchdog says

FedScoop

Federal regulators are falling short on ensuring that their staffs have the proper technological skills and knowledge of financial technology to conduct policymaking and oversight, according to a Friday report from the Government Accountability Office.

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Can you cap that? Subcontract damages cap might not stick

Federal News Network

A diligent review will typically include: Accounting for the parties’ relative business cases for entering into the agreement, including factors influencing negotiating leverage (is the subcontractor the only practical choice to supply the relevant goods or services, or does the prime have other options?)