Section 125 plans, sometimes referred to as “cafeteria plans,” permit employers to sponsor Premium Only Plans (POPs) and Flexible Spending Accounts (FSAs).
Section 125 Plans Generally Mean Irrevocable Elections
One of the most frequently asked questions to the WBCompliance team is about Section 125 Plans. That is, plans that fall under Section 125 of the tax code, known as “POP plans” (Premium Only Plans) and FSA Plans (Flexible Spending Accounts).
Collect Employee Waivers, Even When Carriers Do Not Require It
Many employer groups will be going through Open Enrollment and renewal periods as we progress through the fourth quarter and close out 2018. They’ll be relying on their health insurance brokers to help them more than ever.
7 Common ERISA Compliance Pitfalls to Avoid
Of all health insurance regulations, ERISA plan documentation rules can be the trickiest to navigate and the most catastrophically costly for those who take a wrong turn — even one that’s unintentional.
Important ACA Dependent-Rating-Structure Change For Plans Sold or Renewing in 2018
Beginning in 2014, the Affordable Care Act (ACA) implemented a member-level rating structure that requires or mandates non-grandfathered Small Group and Individual & Family Plan (IFP) carriers to charge one dependent rate for children ages 0 to 20.
ERISA SPDs and ACA SBCs – What’s the Difference?
With employer audits on the rise, and a growing spotlight on compliance, it’s more important than ever for brokers to help their employer clients conform with the laws of the health insurance industry.
WBCompliance Can Help You Ensure Your Client Compliance
In your role as an employee benefits health insurance broker, you can expect to receive an array of questions from your clients. They rely on you for much more than answers to employee benefits questions