Compliance & Regulation
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Employers that sponsor health plans must adhere to a growing number of federal and state regulatory requirements. From informational postings and plan registrations to never-ending notice requirements and detailed reporting, employers face a daunting task in the effort to maintain plan compliance. Unfortunately, the ever-changing rules and layers of complex bureaucracy make the task even more difficult. As an example, health reform recently added as many as eight new notice requirements. Failures are everywhere and cost employers thousands of dollars in penalties and fines each year. This is where we come in. Using our proprietary Compliance Audit, we can analyze your program to identify areas of concern. We will conduct a complete review of your postings, employee notices, reporting, plan documents, and more. Our clear and concise approach will demonstrate exactly where your program meets, exceeds, or falls below the wide variety of regulatory requirements you face as a plan sponsor. We will then help you with an action plan to address areas of concern to avoid potential failures. With our Compliance Audit, and Reilly Benefits on your side, you will feel better knowing you are doing the right things. |
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Department Links
Often, several government departments or agencies may have jurisdiction over the same law or regulation. A regulation may be primarily enforced by a specific department, but a component of the same regulation may impact elsewhere in a different department. For this reason, Federal and State departments and agencies often provide information and resources concerning a variety of laws and regulations. Listed below are links to number of the departments and agencies with jurisdiction over employee benefit regulations.
Centers for Medicare and Medicaid Services
http://www.cms.hhs.gov/
Internal Revenue Service
http://www.irs.gov
Maryland Healthcare Commission
http://mhcc.maryland.gov/
Maryland Insurance Administration
http://www.mdinsurance.state.md.us/sa/jsp/Mia.jsp
Medicare
http://www.medicare.gov/
United States Department of Health and Human Services
http://www.hhs.gov/
United States Department of Labor
http://www.dol.gov/
United States Pension and Welfare Benefits Administration
http://www.dol.gov/ebsa/
Our experience with Reilly Benefits has been very positive. The courteous and friendly staff has taken care of our every need. Their knowledge and dedication have afforded us the opportunity to thoroughly explain the benefits and importance of insurance coverage to our employees. I would highly recommend this organization to any individual or business for all types of insurance or tax planning.