Article by
Callan Carter and Patricia Harris
2013 will mark not just the start of a new calendar year, but
also new compliance obligations for employee benefits
professionals. Now is the time to review your employee benefit
plans and take the steps necessary to ensure continued compliance
in 2013. We have outlined a number of key provisions impacting
welfare, benefit, and retirement plans below, including some that
may need to be implemented prior to 2013. Will you be prepared?
Health Care Reform
A Summary of Benefits and Coverage (SBC) must be provided to all
group health plan enrollees by the first day of the first annual
open enrollment period beginning on and after September 23, 2012.
This means that if your group health plan is operated on a calendar
year basis, you must provide SBCs to enrollees as part of your
upcoming annual open enrollment period for coverage that takes
effect January 1, 2013.
