Section 125 Plan Document Creation/Maintenance is vital to staying compliant. We have access to several TPAs who can draft and update Section 125 Premium Only Plan (POP) documents. These TPAs also offer reduced pricing for Flexible Spending Account (FSA) administration and section 125 acknowledgments.
As part of our one-on-one enrollment process, we have employees acknowledge their understanding of the benefits and limitations of pre-taxing certain benefits.
Using our Benefits Counselors and Electronic Enrollment tools, we help employers manage dependent eligibility in one of two ways. Dependent Verification involves reviewing dependent eligibility guidelines with employees while having them sign an electronic affidavit that they are only covering truly eligible dependents. A Dependent Audit requires that an employee provide supporting documentation (birth certificate, marriage certificate, etc.) prior to covering a dependent on a plan. We support either process frequently for our clients.
We have an alliance with multiple TPA’s that are leaders in ERISA compliance, who can help employers update plan documents, create wrap documents and become fully compliant with the requirements of ERISA.
Many employers are looking to add tobacco or spousal surcharges as a way to offset the rising costs of offering a group medical program. We use our Benefits Counselors to reinforce the need for these costs along with affidavit or acknowledgment language drafted by attorneys to ensure employers are protected when administering these surcharges.
Enrollment solutions has access to multiple tools that can help HR with questions and concerns regarding the changing HR landscape. Access to these tools are offered at no cost for most of our clients through our carrier partners.