Jump to content

Medical & Drug - separate plans when offered separately?


TPApril
 Share

Recommended Posts

Company offers three insurance choices for Medical, an employee can only choose one. Three Schedule A's are filed on one 5500.

Employees may also elect Drug coverage, offered as a separate self insured plan. Can it be filed on same 5500 or does Drug have to be treated as a separate plan.

(moving forwarded a megawrap is in place)

Link to comment
Share on other sites

If you have some sort of plan document that wraps it all together, which is what I assume you mean by "megawrap", then yes, you can file as one H&W plan on one 5500 with whatever number of Sched A's you need.

Kenneth M. Prell, CEBS, ERPA

Vice President, BPAS Actuarial & Pension Services

kprell@bpas.com

Link to comment
Share on other sites

6 hours ago, Belgarath said:

Presumably separate 5500 forms if separate plans. By any chance, did the drug plan have fewer than 100 participants?

no, that is why it was trying to be determined whether to file with the Medical or on its own, as was decided.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...