Self-funding is all the rage, but what comes along with it is a lot more than savings - it comes with new compliance requirements.
PCORI fees are due July 31st for plans ending in 2023, and one of the most important things to remember is that the fees you pay aren't the same every year -
Every year you need to do some calculations, like:
How many "covered lives" are on the plan?
What method will I use to calculate the "covered lives?"
What exactly is the fee to pay?
Check out this video for more information on these topics and more.
#PCORI #employeebenefits #selffunding #benefitsconsultant #benefitadministration
4 сен 2024
