Medicare Secondary Payer (MSP) rules require that Medicare pay secondary to employer-sponsored group health plans when an active employee and their dependents are enrolled in both a group health…
EBC Insights
Understanding Claim Substantiation
Someone makes a purchase using funds from their health reimbursement arrangement (HRA) or flexible spending account (FSA). Then, they get a request asking for proof that the purchase is eligible. Why do we ask for documentation? The short answer…
Creating Value with an HRA for Retirees
Get the most out of an HRA Health reimbursement arrangements (HRAs) are a great way to offer benefits within a budget, but did you know that this benefit can be provided to retirees? With an HRA for retirees, participants use employer funds to help pay…
Form 5500 Filing Season is in Full Swing!
Form 5500 is an Employee Retirement Income Security Act (ERISA) requirement for employers who sponsor health and welfare plans subject to ERISA and that meet certain criteria. An employer has a Form 5500 filing obligation when they have health and…
DOL Releases Guidance on Deadline Extension
On February 26, 2021, the Department of Labor (DOL) released guidance on the duration of deadline extensions provided under a joint rule issued with the Internal Revenue Service (IRS) in April of 2020.