From policy reminders to breaking news on the federal and state level, we keep our clients and partners updated on the topics that matter in healthcare, wellness and employee benefits.
Plans that are subject to ERISA and Form 5500 filing must distribute the Summary Annual Report (SAR) to participants within nine months of the end of the plan year; thus, a calendar year plan is required to distribute the SAR for the…Read More »
Employers must notify individuals who are eligible to participate in their medical plan whether the plan’s prescription drug coverage is “creditable” or “non-creditable” as compared to Medicare Part D coverage. The notice must be provided to Medicare Part D-eligible individuals on an…Read More »
Plans that are subject to ERISA and Form 5500 filing must distribute their summary annual report (SAR) to participants within nine months of the end of the plan year, thus, a calendar year plan is required to distribute the SAR for the…Read More »
It’s MLR Rebate Time Again!
PPACA requires insurers to submit an annual report to HHS that accounts for plan costs. If the insurer doesn’t meet the medical loss ratio standards, they must provide rebates to policyholders. Rebates must be distributed to employer plan sponsors between Aug. 1,…Read More »