Another letter would be sent saying what plans the plaintiffs are covered under and provide the summary plan descriptions
The Birmingham, Alabama-based company also works with employers to produce ACA Summary of Benefits and Coverage notices; traditional Summary Plan Descriptions
(SPDs) for all benefit plans governed by the Employee Retirement Income Security Act; and many other types of employee communication materials.
At a minimum, the experts wrote in a blog post, these may include trust documents, summary plan descriptions
(SPDs), written minutes of committee meetings, current vendor service agreements, investment performance reports, enrollment reports, participant educational material, procedural manuals and Form 5500 paperwork.
Counsel should update any and all relevant ERISA plan documents, summary plan descriptions
, wrap documents, claims forms, denial letters, and internal processes and procedures to comply with the Final Rule.
Buckey is a vice president at Birmingham, Alabama-based Enrollment Advisors L.L.C., a company that helps large employers with tasks such as meeting the federal requirements for preparing, and distributing, summary plan descriptions
The TPA is to provide a proposal for PBM and PPO Network services Proposal responses are asked to address the following within the guidelines permitted in this RFP: - Timely processing of claims; - Advising the Plan concerning the payment of claims; - Data management reporting and analysis; - Updating the Plan document; - Preparation and printing of employee identification cards and summary Plan descriptions
; - Investigation of unusual or excessive claims.
Ben has extensive experience drafting plan documents, amendments, fiduciary committee meeting minutes, summary plan descriptions
and other participant communications.
Elliot says employers seeking to implement the rollover provision should work with the TPAs to update their company health plan documents and summary plan descriptions
, in order to make sure that those documents reflect the FSA changes.
Employers should: (1) assess the desire and/or feasibility of applying the Windsor decision for periods prior to June 26,2013; (2) determine whether the state of domicile or state of celebration rules will be used for the period between June 26,2013 and September 15, 2013; (3) work with payroll and plan vendors to make system adjustments; and (4) review retirement plan documents to determine whether summary plan descriptions
and other materials need to be updated.
* Are Summary Plan Descriptions
provided to plan participants?
The form is limited to four pages, a glossary of health care terms, and is ancillary to summary plan descriptions
These changes will require amendments to flexible benefit plan documents and summary plan descriptions
before June 30, 2011.