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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.
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