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Summary Plan Description: Paper or Electronic?

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Department of Labor (DOL) regulations describe when an employer can distribute benefit information including the Summary Plan Description (SPD), Summary of Annual Report (SAR), Summary of Benefits and Coverage (SBC), and other required benefit notices (i.e. Medicare Part D, Women’s Heath and Cancer Rights Act, Privacy Notices, etc.) electronically to plan participants.
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Categories: Benefits in General, Compliance | Tags: SPD , DOL , Summary Plan Description , Department of Labor , Electronic Distribution , Safe Harbor , Thomas v. CIGNA Group Ins , SAR , SBC , Employee Notices
Open Enrollment season generally has employers asking if they can send benefit documents via email or post to the company’s intranet site versus distributing information by paper.
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Categories: Benefits in General, Compliance, Health Care in General | Tags: DOL , Electronic Delivery , Safe Harbor , SPD
Through Notice 2015-87, the IRS has adjusted the safe harbor percentage that applicable large employers (ALEs) can use to calculate the affordability of the health plan offered to a full time employee. ALEs can use 9.56% for coverage offered in 2015 and 9.66% for coverage offered in 2016.
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Categories: Health Care Reform, Compliance | Tags: ALE , 1095-C , Safe Harbor , Penalty