Benefits is a team sport. No employer, or no benefits consultant could ever imagine doing everything required to make a plan "hum" by themselves.Â
And compliance is no different.Â
For self-funded plans, one of the key players are TPAs. They play a huge role in making self-funding work, and on a similar note, they can play a huge role in helping an employer meet their obligations.Â
In today's video, I cover 3 of the major ways (there are others, of course) a TPA can help a self-funded employer meet their compliance needs:Â
• Medicare Part D Creditable Coverage Status Determination
• PCORI fees
• CAA requirements
With all the self-funded experts in my network, I'd love to hear your thoughts on how you use partners - TPAs and otherwise - to help your employer clients win with a self-funding strategy.Â