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Health and Welfare Compliance
As regulatory compliance continues to increase in complexity, Medcom Benefit Solutions has designed a streamlined approach to meet regulatory compliance needs including, but not limited to, Form 5500 Reporting, Wrap Document Preparation, Nondiscrimination Testing, ERISA and PHSA Plan Compliance Reviews, and technical writing. Medcom continues to enhance its service portfolio, ever-improving integral technologies, client interfaces, and operating efficiency. Along with maintaining proficient staff and expert legal resources, these continued efforts enable Medcom to provide optimized solutions for employers seeking tax-advantaged benefit plans, ERISA compliance, and COBRA administration services.
Medcom Bridge
We offer a dynamic new compliance management tool, Medcom Bridge, which addresses the compliance development needs of most employee benefit practices. This platform allows brokers and employee benefit consultants to manage their compliance needs all in one place. Medcom Bridge focuses on the following critical areas:
- Delivering a global inventory management system
- Simplifying the entire account management process
- Maintaining a DOL proof centralized repository
- Training library
For more information, contact our team at bridge@medcombenefits.com.
The Document Checkup
The Document Checkup is designed as a cost-effective solution for identifying potential coverage gaps.
Compliance Checklist Conference Call
Our experienced compliance professionals will walk through a comprehensive checklist covering dozens of key compliance checkpoints to help you determine whether your program is compliant and where action needs to be taken to clarify inconsistencies.
Wrap Plan Document Preparation
The wrap plan document simply “wraps around” and incorporates the contracts or booklets provided by insurance companies for the benefits they insure.
Plan Document Preparation and Amendments
Medcom Benefit Solutions provides amendments to documents as needed, including the Summary of Material Modifications for distribution to participants.
Required Notices Packet
Our Benefits Notices Package provides the employer with required benefits notices customized for their company.
Nondiscrimination Testing
In order to maintain full tax-deductible status for both the plan and its participants, plans must satisfy nondiscrimination requirements as established in the Internal Revenue Code.
Form 5500 Filing Services for Health & Welfare Benefit Plans
Form 5500 provides statistical information about the plan and plan sponsors, reports financial information about the plan, and demonstrates compliance.
