Are Your Qualified and Nonqualified Employee Benefit Plans in Compliance With the New ERISA Disability Claims Regulations?

“[W]here a plan does not provide for its own fiduciaries to make a determination of disability — but instead defers to the determination made by the administrator of another plan (like the employer’s long-term disability plan) — then only the terms of the other plan need to be amended. Examples include health plans that extend […]

By | 2018-04-02T07:16:50+00:00 April 1st, 2018|2018 News, News|

Is the Amazon, JPMorgan, and Berkshire Hathaway Venture Armageddon for Healthcare as We Know It?

“The new venture will focus on the collective buying power of employers who purchase healthcare for the 1.15 million employees in their organizations. Their approach features five strategies widely used by large self-insured employers to contain their employee health costs. This one is expected to leverage technology […]

By | 2018-03-01T12:46:52+00:00 March 1st, 2018|2018 News, News|

How Tax Reform Will Change the Treatment of Fringe Benefits

“Several employer deductions will be reduced or eliminated, including the cost of business-related entertainment expenses and qualified transportation fringe benefits, but employers may be able to claim a credit for a percentage of wages paid to qualifying employees on family and medical leave…. [E]mployees can no longer exclude moving expense reimbursements they receive from employers […]

By | 2018-02-06T13:37:29+00:00 February 6th, 2018|2018 News, News|

Avoiding the Accidental MEWA

“To become a MEWA, a plan needs only to cover employees of two or more employers. Because intent is irrelevant, an employer can find itself inadvertently creating a MEWA if it allows employees of other employers or nonemployees to participate in its welfare plan…. Once a MEWA, a plan can face penalties of more than […]

By | 2018-02-06T13:33:30+00:00 February 6th, 2018|2018 News, News|

ERISAPros January 2018 Updates

Thank You

 

ERISAPros would like to thank you for your business and partnership. We wish you a happy and healthy 2018.

 

New Year’s Resolution

 

At this time of year, many people resolve to change or modify their behavior or actions to lead a better life. We at ERISAPros would like to challenge you to make […]

By | 2018-02-06T13:45:28+00:00 January 30th, 2018|2018 News, News|

Mercer’s Mike Sinkledam Reminds Calendar Year Plans to Implement New SBC Requirements During This Year’s Open Enrollment

“While ‘not a lot has changed from last year, from a compliance standpoint, when it comes to open enrollment, the new Summary of Benefits and Coverage (SBC) template and uniform glossary need to be implemented during this year’s open enrollment for calendar year plans,’ according to Mike Sinkeldam, a principal for Mercer’s Health and Benefits […]

By | 2017-11-29T10:18:53+00:00 November 20th, 2017|2017 News, News|

What to Do When You Receive an Out-of-Network Shakedown Letter

“A physician-owned, out-of-network health care service provider – such as an ambulatory surgery center or a sleep center – sends a demand letter to the plan administrator. The letter asserts an appeal of a denied benefits claim by one of the plan’s participants; requests copies of a lengthy list of plan-related documents; and alleges that […]

By | 2017-11-14T08:18:13+00:00 November 13th, 2017|2017 News, News|