February 22, 2024
Employers have increasing opportunities to engage with vendors who provide specific solutions to improve health conditions. However, these solutions can impose various health and welfare compliance obligations. In this webinar, we discussed the compliance implications inherent in offering certain programs.
Agenda
- Overview of Vendor “Point” Solutions
- ERISA, COBRA, HIPAA, and the ACA
- Practical Solutions for Federal Law Application
- Impact on HSA Eligibility
- Taxation
- Reporting Requirements
Key Takeaways
Employer Considerations
- Confirm employee eligibility (e.g., all employees versus only medical plan participants)
- Integrate with medical plan to achieve compliance
- Consider impact on HSA eligibility, PCOR fee obligations, and employee taxation
- Work closely with vendors regarding COBRA, W-2 reporting, Form 5500, and other administrative details
- Seek assistance from your NFP consultant and outside counsel
NFP Resources
For further information about Point Solutions, please ask your broker or consultant for a copy of the following NFP publication Point Solution Programs: A Guide for Employers.