The services of Capstone are designed to fill the gaps we so often see in employee benefit administration. That is why we extend far beyond what you might see from a typical consultant or broker and give you the information, tools and insight you need to provide competitive and effective benefits to your employees. Rather than contracting and coordinating with multiple vendors and service firms, you can rely on one trusted advisor to be your advocate in the complex world of healthcare.
ERISA Compliance Essential expertise and online tools for crucial compliance
If you operate your plan under the Employee Retirement Income Security Act (ERISA), how do you know you are compliant with all of its rules and regulations? If you are relying solely on your claims administrator to insure you are compliant, then there is a very good chance that you are not. While it is true that a claims administrator will provide most of the documentation required by ERISA, they typically do not insure that distribution and other administration requirements are adhered to.
That is where we come in.
After review of your health plan, Capstone Benefits will assure ERISA compliance by:
- Developing a compliance action plan that includes materials, dates and distribution methods.
- Developing member and employee communications for all notifications.
- Monitoring distributions and insuring receipt of distribution acknowledgement forms.
- Developing communication plans to educate employers and inform members and employees of their rights and appeal procedures.
- Performing follow-up at regular intervals to assure adherence.
- Monitoring compliance of plan fiduciaries.