The CAA 2021 amended ERISA for health plan sponsors. Employers who sponsor a health plan are now “legal fiduciaries” over the money they pay for employees care and medicine.
Employers / Fiduciaries have specific actions to perform each year to monitor and assess elements of their health plan spend and vendors.
Its sounds hard but it’s not.
HPfid has created four “quick action videos”, and a step by step framework to guide you.
Follow our framework to activate your new fiduciary process, and document your work. These are the pillars fiduciaries must follow to create an “affirmative defense” to DOL Enforcement Penalties and Legal Exposure.
Let’s get started!
Self-Insured Fiduciary Playbook
Prescription Drug Cost Reporting (RxDC)
Mental Health Parity and Addictions Equity Act (MHPAEA)
Third Party Compensation Disclosure
Gag Clause Prohibition Compliance
Fully-Insured & Level-Funded Playbook
Fiduciary Exposure Assessment
Fiduciary Framework