9191 Folsom Blvd. Suite 1 Sacramento, CA 95826 Tel. 916.366.6100 Fax
916.366.5619 CA Lic#0D25361
Health Benefit News
• Mandated Offering of Orthotic & Prosthetic Devices
The California Assembly bill 2012 ammended section 1367.18 of the Health and Safety Code and Section 10123.7 of the Insurance Code to mandate an offering of orthotic and prosthetic devices to all group plans. The assembly bill deletes the requirement that coverage be provided only under terms and conditions that may be agreed upon between the policyholder and insurer or subscriber and plan. As a result, The Department of Managed Health Care (DMHC), the state agency that regulates Health Maintenance Organizations (aka HMOs) in California, required plans to remove any benefit maximums on orthotic and prosthetic offering.
• DOL Mandates Electronic Filing for Form 5500 in 2008
Beginning on or after January 1, 2008, the DOL has made e-filing mandatory for the Form 5500 and Short Form 5500. In addition, the DOL has proposed eliminating Schedules E (ESOP Information) and SSA (Annual Registration Statement Identifying Separated Participants with Deferred Vested Benefits) in anticipation of the e-filing mandate.
Benefit Insurance Services is one of Northern California's
leading independent insurance agencies, specializing in providing employee benefits
programs, financial and human resource management services to business clients of
all sizes and industries. We have over 25 years of experience providing services to
the Sacramento area and beyond.
We offer medical, dental, vision, life, disability and investment plans, as well as an array of value-added services to employer groups of all sizes.
We offer medical, dental, vision, life, disability and investment plans, as well as an array of value-added services to employer groups of all sizes.
Benefit Insurance Services is a division of Gallagher Benefit Services, Inc., an
Arthur J. Gallagher & Co. company - the third largest insurance brokerage in the USA, and fourth largest in the world.
Blog & Podcasts
Follow the postings on our industry blog, Benefit Insight.
To subscribe copy our RSS link.
Also, view the first in our new series of educational videos,
"Understanding Benefits":
#1 Health Plan Definitions
#2 Prescription Drug Plans
#3 HMO Basics
#4 PPO Basics
We will be adding videos to this list as the year goes on. If there is a subject that you would like to see us cover email us.
Follow the postings on our industry blog, Benefit Insight.
To subscribe copy our RSS link.
Also, view the first in our new series of educational videos,
"Understanding Benefits":
#1 Health Plan Definitions
#2 Prescription Drug Plans
#3 HMO Basics
#4 PPO Basics
We will be adding videos to this list as the year goes on. If there is a subject that you would like to see us cover email us.
