Please take note of this important Healthcare Reform Update presented by Commonwealth Benefits Group.
SPDs AND WRAP DOCUMENTS
Healthcare Reform most likely has you focused on plan design and benefit changes. But, the Patient Protection and Affordable Care Act (PPACA) imposes many new regulatory challenges for employers. Guidance and regulations are promised to help assist employers meet their compliance obligations. However, they will be extensive in nature and the penalties and fines for non-compliance will be drastic.
Employer compliance has become paramount. Summary Plan Documents and Wrap Documents need to reflect the changing regulations. Commonwealth Benefits Group strongly encourages you to have your documents reviewed for compliance. You may consult with your own legal counsel or Commonwealth Benefits Group can direct you to an attorney specializing in these issues.