DOL Issues Report on Self-Insured Group Health Plans - Bim Group

DOL Issues Report on Self-Insured Group Health Plans

Compliance Alert

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The Department of Labor (DOL) recently issued an Annual Report on Self-Insured Group Health Plans. The Affordable Care Act requires the Secretary of Labor to provide Congress with an annual report (Report) containing general information on self-insured employee health benefit plans and financial information regarding employers that sponsor such plans, based on the data obtained from Forms 5500. The Report provides information regarding the number of self-funded plans for which Forms 5500 were filed, the number of participants, the types of benefits offered by group health plan in addition to aggregate dollar value of self-insured plan assets. The Report provides great insight into the delivery of self-insured group health plan benefits on a granular level and is worthy of review.

 

 

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