On February 8, 2012, the DOL, IRS, and HHS issued a final rule with respect to Summary of Benefits of Coverage and Uniform Glossary. In general, the rule is effective for the first plan year or open enrollment period beginning on or after September 23, 2012. In short, compliance with the final rule will require health plans to distribute a Summary of Benefits and Coverage (in the form provided by the Departments)
On October 31, 2011, a representative of the Department of Labor, Employee Benefits Security Administration, announced that the DOL expects to release guidance in the near future concerning new registration and reporting requirements for multiple employer welfare arrangements (“MEWAs”).
Inside this issue are updates regarding Medicare Part D Creditable Coverage Notices, Constitutional Challenges to Health Care Reform, the Impact of New York State’s Same-Sex Marriage Law on ERISA Covered Health Plans, FASB and more.
Ginger LaChapelle Presents New DOL Fee Disclosure Rule to the Albany Chapter of the New York Employee Benefits Committee | Employment Law
Ginger LaChapelle, an Associate in the Employee Benefits Department, recently presented Reviewing the DOL's Final Rule for Fee Disclosure in Participant Directed Individual Account Plans to the Albany Chapter of the New York Employee Benefits Committee.