Schedule A-New Legislation?

[Guest dsw713]

Dental ins. carrier is not issuing Schedule A for 2004. Says new legislation is holding it up. Anyone aware of this?

[Guest b2kates]

No, and see DOL Advisory Opinion 2005-02A (Feb. 24, 2005) for authority why it must be provided

[Leopurrd]

As a side note, per our Form 5500 prep manual from Corbel, it states that on the Schedule A, you can list "Information Not Provided". Supposedly the DOL will be following up on the insurance companies not providing this information???

Vicki

[R. Butler]

Are they not issuing it or are they just delaying issuing it? We work with several insurance companies where the Sch. A's are being delayed due to the DOL Advisory Opinuion b2Kates mentions. Its not new legislation, the DOL just further clarified some info. that should be included on the Sch. A.

At least one the insurance companies we work with is redoing their Sch. A's to comply with the guidance & thus we won't get them until June.

[AmyR]

Due to this new Opinion letter, we are receiving Schedule A's that contain both the commission paid to the broker, but also a "bonus" that is paid to the broker out of the insurance company's separate "marketing" fund (it is not charged back to the employer purchasing the policy). Has anyone looked at this issue as to how to report it on schedule A - i.e. lump it in with the commission or report it separately as a fee?