IRS, DOL, ERISA, ACA, COBRA, HIPAA, FMLA, ADA, GINA, Medicare…keeping track of current regulations is a challenge. Rules change frequently and our clients increasingly express concern regarding this. Maintain legal compliance with our BenAdmin platform and entire suite of tools, resources, and services.
A complicated and laborious process. We provide you with a comprehensive third party service package to keep you compliant. Our BenAdmin platform will automatically trigger required notices to new enrollees and terminated employees alike. All services are passed to our clients at no cost.
Automate required notices that arise throughout the year. Access a complete bundle of announcements and a calendar for timely distribution. Required notices will vary depending on business size, state, industry, etc.
Any business using an ERISA Health and Welfare plan is required to distribute Summary Plan Descriptions (SPD’s) to employees. A carrier plan will not meet this requirement. Benefit plan audits are increasing and a best practice to avoid liability is to implement a Wrap SPD to supplement insurance plan booklets. We guide our clients to a legal resource that can provide such documentation.
Affordable Care Act reporting for Applicable Large Employers (ALEs), and 5500 reporting for plans having 100 or more subscribers represent critical reporting requirements. Bankers provides resources to ensure compliance with ACA and 5500 reporting.