Internal Revenue Service Ruling 2002-07 which authorizes cafeteria plans to automatically enroll employees in health plans and use pre-tax salary deductions to pay health insurance premiums. Description of the plan...
Medicare/Medicaid And Other Government Health Programs HIPAA Special Enrollment FMLA Leave Judgment/Decree/Order “Consistency” Rule Timing Of Changes Receiving, Processing, And Handling Status Changes Claims Submittal Options & Procedures Where And How Claims Should Be Submitted Time Frame For Submitting...
This may include annual reports on plan activity, summary plan descriptions (SPDs), and annual Form 5500 filings for plans with 100 or more participants. Recordkeeping:Employers must maintain accurate records related to the Section 125 plan, including enrollment forms, election changes, contribution ...
Notice 2020-29 allows employees to make special midyear elections under cafeteria plans during 2020 for employer-sponsored health coverage, health FSAs and dependent care FSAs. Under current rules, elections regarding benefits under a cafeteria plan must be made prior to t...
Types of Section 125 Plans There are a few different types of Section 125 plans. Typical examples of cafeteria plans include: Premium Only Plans (POP) The pretax contributions made by an employee under this type of plan may only be used to pay the premiums for group health insurance. ...
Give a head start to the Open Enrollment Season 2020 The Coronavirus pandemic has brought unprecedented challenges to numerous Third Party Administrators across the globe. The open enrolment season is all set to take off from November 01 for 2020 health insurance coverage. Being overloaded w... ...
Open enrollment season is once again upon us for many plans. While educating employees about their benefits often occurs year-round, it is especially important during open enrollment when employees are deciding which benefits to choose for the upcoming year. Educating employees about their benefits ca...