Employer-sponsored health plans are subject to at least 46 federal laws, most of which apply to self-funded plans, according to a new report from the Congressional Research Service. This ever-expanding regulatory landscape raises employers’ risk of legal and financial penalties, which is why MedBen places a high priority on ensuring plan compliance through the expertise of our dedicated Compliance Department.
For over three decades, MedBen Compliance has provided unparalleled oversight and expert guidance. Our highly skilled team of compliance professionals specializes in navigating the complexities of plan regulations, helping employers meet legal requirements, mitigate risks, and optimize their plan offerings.
In the past 12 months alone, our Compliance team has played a critical role in assisting clients with:
- The final rules for the Mental Health Parity and Addiction Equity Act (MHPAEA).
- The Reproductive Health Care Rule, which strengthens HIPAA privacy protections.
- Changes to Medicare Part D creditable coverage plan sponsor requirements.
- Maintaining compliance with the gag clause prohibition.
MedBen’s compliance experts are well-versed in the intricate provisions of ACA, ERISA, HIPAA, and other laws designed to protect plan members. These regulations require employers to maintain accurate records, file reports, and follow specific guidelines. Our team ensures that your plan operates efficiently, in alignment with federal and state rules, so you can avoid penalties and stay focused on your goals.
Compliance is more than legal necessity – it’s a strategic service that benefits both the employer and employees alike. Should you ever have a compliance question or concern, MedBen is here to help. Just contact your Account Management team or our Director of Compliance & Human Resources Erin Kelly.