Skip to main content

CAA 2026: The Complete Employer Guide

CAA 2026

CAA 2026: The Complete Employer Guide

The most comprehensive employer guide to the Consolidated Appropriations Act of 2026 — 18 modules covering PBM reform, employer fiduciary duties, self-funded plan impact, MHPAEA, price transparency, enforcement, and a 12-month compliance roadmap.

18 modules3h of content9.0 certificate hoursCertificate of completion
Preview Course

What You Will Learn

Learning objectives for this course.

Understand the full scope of the CAA 2026 and its legislative history.
Apply the expanded ERISA fiduciary framework to PBM and TPA oversight.
Identify and eliminate spread pricing, rebate retention, and formulary steering.
Build a CAA 2026-compliant PBM contract with required provisions.
Conduct a compliant MHPAEA NQTL comparative analysis.
Use price transparency data for fiduciary benchmarking.
Understand the enforcement framework and build a defensible compliance posture.
Execute a 12-month CAA 2026 compliance roadmap.

Who This Course Is For

This course is designed for the following roles.

HR directors and benefits managers at self-funded employers
CFOs and finance leaders responsible for health plan costs
Benefits consultants and brokers advising self-funded clients
ERISA counsel and compliance professionals
Anyone responsible for PBM or TPA oversight

Course Modules

18 modules · 18 lessons

01

What Is the CAA 2026? Legislative Overview

Understand what the Consolidated Appropriations Act of 2026 is, what it covers, and why it represents the most significant employer health plan legislation since the ACA.

1 lessons · 8 min

02

Legislative History: From CAA 2021 to CAA 2026

Trace the legislative arc from the ACA through the CAA 2021 and into the CAA 2026, understanding why each wave of reform built on the last and what gaps Congress was trying to close.

1 lessons · 9 min

03

Employer Fiduciary Duties Under CAA 2026

Understand the expanded ERISA fiduciary framework the CAA 2026 creates for employer plan sponsors — what it requires, what it prohibits, and what personal liability it creates for plan fiduciaries who fail to act.

1 lessons · 11 min

04

PBM Reform: Core Prohibitions and Mandates

Master the core PBM prohibitions and mandates in the CAA 2026 — what PBMs can no longer do, what they must now disclose, and how these changes reshape the pharmacy benefit management landscape for employer-sponsored plans.

1 lessons · 12 min

05

Spread Pricing: Definition, Prohibition, and Enforcement

Understand exactly what spread pricing is, how PBMs used it to extract billions from employer plans, what the CAA 2026 prohibition requires, and how employers can verify compliance.

1 lessons · 10 min

06

Formulary Transparency and Drug Pricing Disclosure

Understand the CAA 2026 formulary transparency requirements — what PBMs must disclose about formulary design, drug tier placement, and pricing — and how employers can use this information to protect plan participants.

1 lessons · 9 min

07

PBM Contract Obligations: What Employers Must Now Require

Learn exactly what the CAA 2026 requires employers to include in PBM contracts — the specific provisions, audit rights, pass-through guarantees, and termination rights that every compliant PBM agreement must contain.

1 lessons · 11 min

08

Rebate Reform: Pass-Through Requirements and Point-of-Sale Rebates

Understand the CAA 2026 rebate reform provisions — mandatory pass-through of manufacturer rebates, point-of-sale rebate requirements, and how employers can ensure rebates are reducing plan costs rather than enriching PBMs.

1 lessons · 10 min

09

PBM Accreditation, Audits, and Oversight

Understand the CAA 2026 PBM accreditation requirements, what federal oversight standards PBMs must now meet, and how employers can use audit rights and oversight tools to hold their PBM accountable.

1 lessons · 9 min

10

Impact on Self-Funded Health Plans: What Changes Now

Understand the direct and specific impact of the CAA 2026 on self-funded employer health plans — what changes immediately, what phases in, and what self-funded employers must do differently starting now.

1 lessons · 11 min

11

TPA Obligations and Employer Oversight Duties

Understand what the CAA 2026 requires of third-party administrators, what new oversight duties it places on employers, and how to structure the TPA relationship to ensure compliance and protect plan participants.

1 lessons · 10 min

12

Cost Containment Strategies Unlocked by CAA 2026

Discover the specific cost containment strategies that the CAA 2026 makes possible — from pass-through pricing and rebate optimization to formulary redesign and PBM competition — and how to implement them.

1 lessons · 10 min

13

Mental Health Parity: MHPAEA Strengthened Under CAA 2026

Understand how the CAA 2026 strengthens the Mental Health Parity and Addiction Equity Act — what new requirements apply to employer plans, what the enhanced NQTL analysis must include, and how to avoid the most common parity violations.

1 lessons · 10 min

14

Price Transparency: Hospital, Insurer, and PBM Requirements

Understand the full scope of price transparency requirements under the CAA 2026 — hospital price transparency, insurer machine-readable files, PBM drug pricing disclosure, and how employers can use transparency data to drive better plan performance.

1 lessons · 9 min

15

No Surprises Act: CAA 2026 Updates and Employer Obligations

Understand the No Surprises Act protections, the CAA 2026 updates to the independent dispute resolution process, and the specific obligations employer-sponsored plans must meet to comply with surprise billing protections.

1 lessons · 8 min

16

Enforcement: DOL, HHS, IRS Penalties and Audit Triggers

Understand the enforcement framework for CAA 2026 — which agencies enforce which provisions, what penalties apply, what triggers a DOL or HHS audit, and how employers can build a defensible compliance posture.

1 lessons · 10 min

17

Compliance Roadmap: 90-Day, 6-Month, 12-Month Action Plan

A practical, sequenced compliance roadmap for employer plan sponsors — what to do in the first 90 days, what to complete by month 6, and what ongoing compliance looks like at month 12 and beyond.

1 lessons · 11 min

18

Capstone: Building a CAA 2026-Compliant Benefits Strategy

Synthesize everything from this course into a coherent, actionable benefits strategy — one that meets every CAA 2026 obligation, protects plan participants, manages fiduciary risk, and positions your organization as a leader in employer-led healthcare reform.

1 lessons · 12 min

Earn Your Certificate

Complete all modules, pass the module quizzes, and score 80% or higher on the 25-question final exam to earn your certificate of completion and 9.0 certificate hours.

Educational content only. Employer Benefits IQ content is not legal, tax, accounting, medical, or fiduciary advice. Rules vary by plan design, policy language, employer facts, employee facts, state law, and future regulatory changes. Employers should confirm plan-specific decisions with qualified legal, tax, accounting, carrier, and benefits professionals.