Have Health Benefits Become A Huge Personal Liability For Employers?

Yes. And it's worse than you think.

NOTE: To my enthusiastic readers in London, Prague, and other Capitals of the World…this is just something you can sorta hate read?

I love reading about compliance. I love writing about compliance. And I love the way that compliance concerns, raised deftly, can help humans advocate for their health. I adore the way compliance can be wielded to help shield employers from predatory healthcare pricing.

This is a guide, to Relentless Documentation of your living and breathing compliance program when it comes to the Combined Appropriations Act of 2021, and its fiduciary role for plan sponsors.

Two words: What kind of responsibility do employers have for employee health plans?

Fiduciary Duty

Yeah, that got some attention. I am PUMPED.

Fiduciary duty is not a big deal. Unless it’s your responsibility. Then it is. US Health benefits are tax-exempt because of a law passed in 1974. That Law, ERISA, created a fiduciary duty for plan sponsors. In 2021, this was reinforced, but specifically…