Wrap Documents for Health and Welfare Plans
How They Work and Should You Have One?
Available immediately
Any employer sponsoring more than one kind of health or welfare benefit must determine the best way to document benefits for legal compliance and to effectively communicate with employees. Employers sponsoring insured benefits must also worry about missing provisions in their insurance documentation. Sometimes, using a “wrap document” to bundle benefits into one plan and/or supplement insurance documents can make life easier (and safer). Join our experts for this 90-minute web seminar as they explain how wrap documents function, what information they should contain, and whether to create and use one.
Originally presented on April 15, 2010.
Seminar Level
Topics Covered
Here’s some of what was covered:
- What is a wrap document and when is using one advisable? What’s the difference between a wrap plan document and a wrap SPD?
- What are the considerations in using wrap documents? How do they differ for insured versus self-insured benefits? What are the legal compliance reasons for using a wrap document, including the impact on Form 5500, HIPAA, and COBRA obligations?
- What provisions are typically missing from insured plan documentation that can be supplied using a wrap document, including how many plans the employer maintains and the plan number (#501, #502, etc.) to be used for compliance purposes?
- When to use a wrap document to “bundle” multiple benefits into one plan for compliance purposes, and the importance of consistency between plan documentation and the number of Form 5500s filed.
- Practical tips for creating wrap documents and keeping them up-to-date, including who should be involved in creating and maintaining the documentation.
Please note: Full details of ERISA’s SPD rules will not be covered.
Details
Speakers: Darcy L. Hitesman and Cynthia Van Bogaert. Ms. Hitesman is an attorney and principal shareholder of Hitesman & Associates, P.A., in Minneapolis. She is a Contributing Author of EBIA’s ERISA Compliance for Health & Welfare Plans manual. Ms. Van Bogaert is an attorney and partner in the Boardman Law Firm LLP of Madison, Wisconsin. She is a Contributing Author of EBIA’s 401(k) Plans manual.
Handouts: A handout of the seminar slides and other information is provided through download.
Viewing Details
- Accessing the recorded web seminar: After you purchase a recorded web seminar, you will receive an email with access information. You and your co-workers may then view the recording as many times as you wish for 60 days. An internet connection is required to view the recording; it can be stopped and started as needed and has a table of contents for easy navigation.
- Recordings are accurate as of the date presented: Our recordings are accurate as of the presentation date of the live seminar. We supplement handout materials with articles from the EBIA Weekly covering significant later developments. You must check the table of contents at your access link for updates before viewing a recorded seminar.
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