The Consolidated Appropriations Act introduced seismic changes in the employee-benefits world, yet few employers have heard of it or have any idea how to comply.
As an employer, the new fiduciary rules require you to ensure your health plan is cost-effective, offers quality care, and meets new mental health parity and pharmacy benefit requirements.
The CAA also requires employers to ensure the brokers and consultants they work with receive no more than "​​​​reasonable" compensation for their services.
A violation of these fiduciary rules could be deemed a breach of fiduciary duty, leaving employers vulnerable to fines and lawsuits.
Watch our presentation to get a clear understanding of the new rules and what you'll need to do to stay in compliance.