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Controlling Your Self-Insured Plan's Exposure to High Cost …

WEBThe Steady Price Increase of Prescription DrugsNow more than ever employers are intensely focused on controlling their drug coverage costs; however, …

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URL: https://www.boutwellfay.com/post/controlling-your-self-insured-plan-s-exposure-to-high-cost-prescription-drugs

FAQ: Re ERISA’s Records Retention For Employee Benefit Plans

WEBERISA Section 107 requires retention of records for 6 years from the date of filing, including all required notices and disclosures, and various governmental filings like …

Category: Health Go Health

UnitedHealthcare Fined $80,000 for HIPAA Access Violation

WEBThe factual background resulting in the fine, as reflected in the terms of the Voluntary Resolution Agreement (the “ Agreement ”) between UHIC and the U.S. …

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Settlor v. Non-Settlor Plan Expenses

WEBDec 31, 2018. Settlor v. Non-Settlor Plan Expenses. Plan sponsors often question which expenses can be paid with assets of their plan. Under ERISA, only certain expenses …

Category: Health Go Health

WHAT IS A WRAP DOCUMENT AND WHY DO I NEED ONE

WEBA wrap document is document that sets out information about an employer’s health and welfare plan, and which incorporates (or “wraps around”) other documents …

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COBRA Continuation Coverage in Mergers and Acquisitions

WEBHEALTH & WELFAREJOURNAL OF PENSION BENEFITSISSUES IN ADMINISTRATION, DESIGN, FUNDING, AND COMPLIANCEVolume 30 • Number 3 • …

Category: Health Go Health

New Rules for Form 5500

WEBThe Department of Labor has issued new rules detailing a number of changes to Form 5500 and Form 5500-SF reporting, starting for plan years beginning on …

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SELF-CORRECTION OF OPERATIONAL DEFECTS IN A QUALIFIED …

WEBWhen a qualified plan experiences one or more operational defects in the operation of the plan, the plan risks losing its tax exempt status. A plan can avoid being …

Category: Health Go Health

Associated Health Plan Regulations Face Challenges

WEBOn June 19, 2018 the Department of Labor (“DOL”) issued final regulations expanding access to association health plans (“AHPs”). These final regulations are intended to …

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What is a “Prohibited Transaction” under ERISA

WEBSection 406 (a) of the Employee Retirement Income Security Act of 1974 (“ERISA”) broadly prohibits plan fiduciaries from causing a plan to enter into either a direct or an indirect …

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The Effect of Employer HRA Contributions, Flex Cotributions

WEBThe Effect of Employer HRA Contributions, Flex Contributions & Unconditional Opt-Out Payments on Affordability under ACAAt the end of 2015, the IRS …

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California Enacts Individual Mandate and Premium Subsidies

WEBWith the Fifth Circuit Court of Appeals on the verge of determining the constitutionality and continued viability of the Patient Protection and Affordable Care Act …

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The Hot Potato: Who is Responsible for COBRA Coverage in an …

WEBThe purchaser is a “successor employer” if the termination of the seller’s group health plan was (i) in connection with the transaction and (ii) the buyer continues …

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Plan Termination Determination Letters: Form 5310 Pros and Cons

WEBAs of July 1, 2019, employers applying to the IRS for a favorable determination for a terminating plan will have to pay an increased Form 5310 filing fee of $3,000, up from …

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Supreme Court Issues Decision in US Airways v. McCutcheon

WEBIn 2013, the U. S. Supreme Court issued an opinion in US Airways, Inc. v. McCutcheon that resolved a conflict among the federal circuit courts over whether …

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When Must Summary Plan Descriptions and Summaries of …

WEBThese documents must be distributed to participants and beneficiaries within certain time periods following specified events: Within 210 days after the end of the plan …

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