If you are an employer, it is important to consider implementing a wrap document to ensure compliance with federal regulations and provide clear communication to your employees regarding their benefits. A wrap document is a single plan document that incorporates all of the required provisions for each benefit plan sponsored by an employer. It wraps …
Wrap documents: Have you reviewed yours recently? Read More »
OPEN ENROLLMENT season is fast approaching. Don’t forget about your COBRA QUALIFIED BENEFICIARIES. Open Enrollment is a busy time for HR teams throughout the country, as well as the brokers and administrators that support them. It can seem like a whirlwind of managing change, communicating with employees, and answering the inevitable laundry-list of questions. One …
The last few years have seen many class action lawsuits surrounding COBRA Election Notices. Penalties and fines for various notification inadequacies can be STEEP, including $110 per day of noncompliance, as well as possible liability for medical and legal expenses reimbursement. Many employers have settled these types of lawsuits rather than litigate. Now is a …
COBRA: An Easy to Miss Required Notice, The “General” or “Initial” Notice Read More »
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