TPApril Posted July 31, 2017 Posted July 31, 2017 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)
CuseFan Posted August 1, 2017 Posted August 1, 2017 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
TPApril Posted August 1, 2017 Author Posted August 1, 2017 Yes that is the plan from this year on. I'm wondering about for prior years when the wrap was not set up?
Belgarath Posted August 2, 2017 Posted August 2, 2017 Presumably separate 5500 forms if separate plans. By any chance, did the drug plan have fewer than 100 participants?
TPApril Posted August 2, 2017 Author Posted August 2, 2017 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.
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