Description:
Qualifying life events and the accompanying opportunities for changes of annual elections are a frequent cause of headaches for employer plan sponsors. Considering the plethora of laws and regulations governing annual elections, including the Treasury Department’s proposed Section 125 final regulations, HIPAA rules, ACA rules, and others in play, simple mid-year changes of election can wreak havoc on plan-level administration.
In this presentation, our experts will dive into the would of qualifying life events, exploring events triggering election opportunities across multiple areas:
- Section 125 and related rulemaking by the Treasury Department;
- HIPAA Portability and Nondiscrimination;
- CHIP;
- COBRA;
- Medicare; and,
- The Affordable Care Act.
Illustrated through multiple hypotheticals, this program will explore the nuances of qualifying life events from the perspective of the employer plan sponsor.
Attendees of this program will:
- Learn the types of qualifying events required under several different laws and regulations;
- Learn and understand the appropriate methodology and language for memorializing a plan’s QLE’s in its governing plan documents;
- Learn and understand the effects associated with the occurrence of certain events upon a participant’s annual/qualifying elections;
- Learn the plan sponsor’s obligations related to timing of life events, notifications, and effectuation of mid-year and other qualifying changes.
- Learn and understand the negative consequences associated with permitting mid-year election changes on an exception basis, absent the occurrence of a qualifying life event.
Speakers:
Stephanie Hall & Natashia Wright
Moderator:
Marie Smith
For more information
We’re ready when you are. Get in touch and a friendly, knowledgeable Baldwin advisor is prepared to discuss your business or individual needs, ask a few questions to get the full picture, and make a plan to follow up.
This webinar is intended for general information purposes only and should not be construed as advice or opinions on any specific facts or circumstances. The content of this webinar is made available on an “as is” basis, without warranty of any kind. The Baldwin Insurance Group Holdings, LLC (“The Baldwin Group”), its affiliates, and subsidiaries do not guarantee that this information is, or can be relied on for, compliance with any law or regulation, assurance against preventable losses, or freedom from legal liability. This publication is not intended to be legal, underwriting, or any other type of professional advice. The Baldwin Group does not guarantee any particular outcome and makes no commitment to update any information herein or remove any items that are no longer accurate or complete. Furthermore, The Baldwin Group does not assume any liability to any person or organization for loss or damage caused by or resulting from any reliance placed on that content. Persons requiring advice should always consult an independent adviser.
