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10 health carriers that didn't do their homework

As many of you probably know, the Schedule A on the form 5500 provides detailed information on an insurance policy. What you might not know is that, at the very bottom of the Schedule A, theres a little check box that asks whether or not the insurance carrier provided all...

By Dan Cole | Updated on June 12, 2012

As many of you probably know, the Schedule A on the form 5500 provides detailed information on an insurance policy: the carrier, any brokers involved, fees and commissions, premiums, policy features and renewal dates, etc. Most of this information is supposed to be provided by the carrier to the party actually filing the form.

What you might not know is that, at the very bottom of the Schedule A, there’s a little checkbox that asks whether or not the insurance carrier provided all of the information they were supposed to. A box where the filer can say, “It’s not my fault I’m not compliant! The carrier did it!”

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