Private Employer Health Plans and Implementation of the Public Health Services Act and ACA:DOL & Wellness
Private Employer Health Plans- and Implementation of the Public Health Services Act and the Accountable Care Act Mandates in 2014 Department of Labor requirements mandate that employers who offer ERISA health and welfare plans must report plan data in an annual Form 5500, which includes plan enrollment, funding, and other information. Form 5500 filings are required for pension and health and welfare plans. Generally employers who have 100 or more employees in their health plan must report, but self-funded plans with fewer participants must also report. And some other types of benefit programs, like Section 125, 127, or 129 flexible benefit plans may also require Form 5500 reporting, depending on the benefit program. This article uses information from Form 5500 filing data to provide a profile of private employer health plan status, with a view toward changes next year. [1] Department of Labor Health & Welfare Plan Reporting Department of Labor(DOL) Form ...