Welfare and Pension Reports
What do employers need to consider regarding welfare
and pension reports? The Employee Retirement Income Security
Act (ERISA) provides extensive reporting and disclosure
and other administrative requirements for employee benefit plans.
The law and regulations also provide for numerous exemptions from
the various requirements.
requirements apply to health plans. The Affordable Care
Act (ACA) added many additional reporting, disclosure,
and notice requirements for health plans and insurers, including additional
internal and external appeal requirements for health insurers and
group health plans.
There are other laws that concern employers. They must
also consider the Medicare Part D prescription drug coverage provisions
that impose reporting and disclosure requirements on health plans
that cover Medicare-eligible individuals. Additionally, the Pension Protection Act of 2006 (PPA) added new reporting
and notice requirements.
Summary for [Your State]