Assisting You with Health and Welfare Plan Compliance
Health and welfare plans are often used as critical tools to attract dedicated and skilled employees. As employers, c-suite executives, HR professionals or plan sponsors, you understand the attraction of these plans for your employees. Health and welfare plans under ERISA can provide health care, severance pay, disability insurance, life insurance, wellness benefits and more. However, because these plans typically have tax-favorability, they are heavily regulated.
A misstep in compliance, even an unintentional mistake, can result in hefty repercussions and penalties. It doesn’t matter if your company employs thousands of employees or a few, any potential fines are equally daunting. At Kiesewetter Law Firm, PLLC, we counsel you on matters impacting your company’s health and welfare plans. We take the time to mitigate risk and act when issues arise.
Ensuring All Rules and Regulations Are Met
Several federal rules and regulations impact and govern health and welfare plans, employing a wide range of regulatory requirements. Some of these include:
- Employee Retirement Income Security Act of 1974, as amended (ERISA)
- Internal Revenue Code (IRC)
- Affordable Care Act (ACA)
- Health Insurance Portability and Accountability Act (HIPAA)
- Consolidated Omnibus Budget Reconciliation Act (COBRA)
- Medicaid / Medicare as it relates to employer-provided health care plans
Depending on the type of entity, some state laws and regulations may impact your plan compliance.
As your attorney, we will take the time to thoroughly examine your company’s health and welfare plans as well as your operation of those plans to ensure compliance.
We can also work with your team to conduct audits of your employee benefit plans or your human resources department to help monitor any chance of misstep before an error occurs.
Talk to Us About Your Concerns Today
We understand that running your business is your top priority. We will work with you on a project-by-project or an on-going basis, offering alternative billing options and project-based fees. Call our Nashville-based office today at 615-455-8106 to speak with us. We can also be reached via email by filling out our contact form.