In the intricate landscape of health plan management, the complexity of fiduciary responsibility cannot be understated. A common question arises when a third party offers to file a CAA (Consolidated Appropriations Act) attestation on behalf of a health plan: Does this reduce or negate the fiduciary liability of the Plan Sponsor? The simple answer […]
On November 29, 2023, the Self-Insurance Institute of America sent a formal request (attached below) to the Department of Labor to “delay the December 31st submission date for at least six months”. The reason for this request, the SIIA argues, is that the guidance from The Departments is unclear and interpreted differently by BUCA and
Activated fiduciaries can achieve so much more than CAA compliance. A good fiduciary process includes constant analysis and benchmarking to identify areas for improvement. And the value of these improvements can translate to significant cost savings for employers and employees. Download the case study below to learn how one Colorado-based employer with 225
How a Colorado Employer Uses CAA to Pay Less for Healthcare Read More »
We’re excited to share product updates on our new Playbooks and pricing plans for our CAA Compliance Solutions. At HPfid we are striving to make CAA compliance easy and low-cost. As we approach the deadline for compliance and attestation by December 31, 2023, we understand the importance of having robust solutions in place. That’s
New Playbooks and Lower Pricing! Read More »
In the employee benefits industry, the “CAA” is an acronym that refers to the Consolidated Appropriations Act of 2021. The CAA was a large government bill passed with financial relief for the country following the pandemic and woven within was the Consolidated Appropriations Act, which is 2126 pages. I’m sure you all read that, right?
What is the CAA and why does it matter? Read More »
In the world of healthcare and employee benefits, fiduciary responsibilities play a critical role in safeguarding the interests of both employers and employees. However, the presence of gag clauses in contracts between health plan sponsors, employers, and healthcare providers has often been a hindrance to transparency and accountability. What is a gag clause? A gag
Unveiling Fiduciary Responsibilities: A Look at Gag Clauses and the CAA Read More »
We are thrilled to announce a significant milestone in the journey of HPfid. Please join us in extending a warm welcome to our new President, Scott Burt! As we continue to expand our horizons and embark on a journey improving healthcare for American Employers and families, Scott will play a pivotal role in providing the
HPfid Announces Scott Burt as President & CEO Read More »
The Consolidated Appropriations Act (CAA) was passed in 2021 and amends ERISA (Employee Retirement Income Security Act). It contains 90 pages of new rules, law, and legislation that affect employers who offer a health plan to their employees. Employers who offer a health plan are mandated to perform specific administrative, data analytics, and benchmarking processes
What you need to know about the Consolidated Appropriations Act (CAA) Read More »
