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A former podcast from Lockton’s ERISA Compliance Consulting team 

You’ve reached the home of ERISA is a Friend of Mine, an informal and informational podcast series that Lockton’s ERISA Compliance Consulting team produced from 2019 to 2022. Scroll down to view and listen to any of the podcast episodes. NOTE: These podcasts have not been updated since their publication dates.

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  1. All Episodes
  2. Healthcare plan cost reporting: What’s hidden behind the wall

Healthcare plan cost reporting: What’s hidden behind the wall

Apr 11, 2022

When a home’s circuitry goes bust, sometimes you have to rip into the walls to reveal the source of the problem. So too, with medical insurance.

With the cost of medical care, and thus medical insurance, trending relentlessly higher, Congress decided it was time to bust into the walls to figure out why. Enter a new obligation on group plan sponsor: medical plan cost reporting.

In this episode of ERISA is a Friend of Mine, Scott and Ed take a look at this new reporting obligation and the dazzling array of data the feds want plan sponsors to disclose, starting as early as this December. Tune in to learn:

  • What does this new obligation require of employers?
  • Who will employers need to lean on in order to make their disclosures?
  • Why do Ed and Scott feel adrift on the sea of mediocrity?
  • When is the first report due … and when must subsequent filings be made?