DICKERSON WEEKLY NEWS
Broker Compensation Disclosure Requirements
As part of the federal Consolidated Appropriations Act of 2021, new broker compensation disclosure requirements went into effect on December 27, 2021. This new disclosure requirement impacts group health plans and their brokers. Brokers and consultants who expect to receive $1,000 or more in direct or indirect annual compensation, in connection with providing insurance-related services to ERISA group health plans, regardless of size, must disclose the compensation provided and the services rendered for their clients.
We want to help answer some of the most frequently asked questions regarding your disclosure obligations to your plan fiduciaries, as well as our role as your General Agent. We have a downloadable Broker Compensation Disclosure FAQ sheet to help with your questions and downloadable disclosure templates you can use.
Download a disclosure template by clicking on one of the following links:
DICKERSON INDUSTRY NEWS
San Francisco Health Care Security Ordinance Update
The city of San Francisco has required most employers to either provide health coverage, pay an employee’s actual health care expenses or make payments to the Healthy San Francisco Program. Click here to read the whitepaper.
The Future Of The Pandemic Is Looking Clearer As We Learn More About Infection
Better data is painting a more optimistic picture about immunity after a COVID-19 infection. In fact, a symptomatic infection triggers a remarkable immune response in the general population, likely offering protection against severe disease and death for a few years. Click here to read the full story.