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Ask an Expert: Is There a 30-Day Grace Period to Make Changes to Elections in Cafeteria Plans?

InterWest Insurance Services

Many group health insurance plan sponsors and administrators have the mistaken belief that the law allows employees enrolling in Section 125 cafeteria plans to change their elections, as long as they do so within 30 days of the plan becoming effective. This is not correct. And this misconception can have serious consequences.

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2022 Health Insurance Outlook, Changes

InterWest Insurance Services

As we enter 2022, there are a number of changes on the horizon that plan sponsors need to be aware of as they will affect group health plans as well as employees enrolled in those plans. Some of the changes concern temporary rules that were implemented during the COVID-19 pandemic.

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Broker Compensation Disclosure Rule: New Legislation for Brokers

Total Employee Benefits

The insurance carrier is generally responsible for plan compliance in a fully insured policy. In the end, whether an organization is fully insured or self-funded, they should make sure their insurance carrier or TPA is ready to meet the demands of this new legislation.