Jump to content

Broker Compensation Disclosure - Covered Plans? Voluntary Critcal Illness, Vol. Cancer, Vol. Hospital Indemnity


Recommended Posts

NAHU and others have stated ERISA Sectioin 733 (a) defines group health plan to include Dental and Vision for disclosure purposes.  Is anyone aware if the volunatary group products CI, Cancer, and HI in the title are also included in the defined covered plans?  Not purely list billed Individual CI, Cancer, HI plans.  So far no one has been able to answer this, but each covers medical care and are sold to Groups via payroll pre-tax reduction under Section 125 Plan, so they are included in ERISA Plan Documents.  Thanks in advance

Link to comment
Share on other sites

Here is the answer per regulations: 29 U.S. Code § 1191b - Definitions

https://www.law.cornell.edu/uscode/text/29/1191b

(2)Benefits not subject to requirements if offered separately
(A)
Limited scope dental or vision benefits.
(B)
Benefits for long-term care, nursing home care, home health care, community-based care, or any combination thereof.
(C)
Such other similar, limited benefits as are specified in regulations.
(3)Benefits not subject to requirements if offered as independent, noncoordinated benefits
(A)
Coverage only for a specified disease or illness.
(B)
Hospital indemnity or other fixed indemnity insurance.
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...