Tag Archives: Fiduciary responsibilities in health plans

Health plan fiduciary breaches persist under CAA

The Consolidated Appropriations Act of 2021 (CAA) is the most significant compliance challenge employers have faced since the Affordable Care Act. Benefit advisers who serve the health and welfare side of our industry no doubt will need to continue paying close attention to this landmark legislation on behalf of their employer clients.  New requirements are now in effect. They... Read More...

Your Health Plan is the Latest Fiduciary Ticking Time Bomb

REGULATORY COMPLIANCE The Consolidated Appropriations Act of 2021 (CAA) is the most significant compliance challenge employers have faced since the Affordable Care Act. New requirements are in effect now, including: Failing to comply with the requirements of the CAA leaves employers at risk of fines and class-action lawsuits. But most employers are still in the... Read More...

How CAA ups the ante for health plan sponsors

In business, we often look to eliminate or mitigate risk. Enterprise Risk Management has become an industry unto itself.  When tackling these concerns, risks can be grouped into two categories involving those associated with: “Known” factors that we are aware of and can effectively plan for; and “unknown” factors that we are not aware of... Read More...

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