Wrap it up

Ever heard of an ERISA Wrap? Do you even know what ERISA stands for? Did you know groups down to two lives are subject to ERISA compliance?

Along with many other goodies (sarcasm implied), health care reform has brought ERISA compliance to the forefront of and if you are a broker or employer you better listen up. The Department of Labor has guaranteed to raise X amount of money to pay for X amount of health care reform. (If you want disclosure of said X, take it up with them. They haven’t released that figure.) That said, they’ve already hired more than 15,000 employees (sidebar: the IRS did the same thing, so that’s at least 30,000) to perform audits. Audit who? Audit what? I’m glad you asked. Here is a breakdown: