Does My Pennsylvania Company Need an ERISA Wrap Document and Summary Plan Description?

Benefits consultant reviewing ERISA plan documents with an employer in an office.

If your Pennsylvania company offers employee benefits covered by ERISA, you generally need proper written plan documentation and a Summary Plan Description, or SPD. A document specifically called an ERISA wrap document is not required by name, but employers often use one when insurance carrier materials do not contain all the employer-specific information needed for […]

Medicare Part D Creditable Coverage Notice: What Pennsylvania Employers Need to Know

HR professional reviewing Medicare Part D coverage documents in a Pennsylvania office.

Quick Answer: What Should Pennsylvania Employers Know About the Medicare Part D Notice? If your Pennsylvania business offers prescription drug benefits, you generally need to tell Medicare-eligible individuals covered by the plan whether the prescription coverage is creditable or non-creditable. The annual notice must be provided before October 15, and employers or other plan sponsors […]

Got an MLR Rebate Check? What Pennsylvania Employers Should Do

Employer reviewing an MLR rebate check with calculator and Pennsylvania documents.

What Should Pennsylvania Employers Do First With an MLR Rebate? If your Pennsylvania business receives an MLR rebate check, do not treat it as extra company money right away. First, determine which health plan produced the rebate, who held the insurance policy, and how the premiums were paid. If employees contributed toward coverage, part of […]