Along with several other new disclosure requirements, the Consolidated Appropriations Act enacted ERISA section 408(b)(2)(B), requiring brokers and consultants who receive at least $1,000 in direct or indirect compensation to disclose that compensation to the plan fiduciary. Although similar requirements have been in effect for more than 10 years in the retirement space, this regulation applies to ERISA covered self and fully insured health and welfare plans regardless of their size. The goal of these disclosures is to increase transparency especially for indirect compensation received from third parties.
Optimatum is a vendor management firm that focuses exclusively on the HR supply chain with turnkey solutions that improve the financial, operating performance, transparency and accountability of HR Benefit programs while still maintaining existing vendor relationships.
Our support of the HR workstream during the M&A lifecycle encompasses operational due diligence, day-one readiness and post day-one synergies. We assist sponsors in leveraging the aggregate purchasing power of their portfolio to capture value and drive margin expansion.
It paves the way for more FDA Approved Marijuana-Based Medications: Impact on Employer Sponsored Healthcare
CAA is a new federal reporting regulation that requires health insurers offering group or individual health coverage and self-funded group health plans
Telehealth’s best role is to compliment and augment face-to-face care, not replace it.