"Under the new law, 'covered service providers' that enter into a contract, provide 'brokerage or consulting' services to 'covered' plans, and reasonably expect that compensation to exceed at least $1,000, must disclose all compensation, either direct or indirect, received in relation to such brokerage or consulting services for a health plan.... There is no requirement that the contract be in writing.... Plan fiduciaries will need to request these disclosures, review them to be sure they accurately reflect both the services to be provided and the agreed on amount of compensation as reflected in any written service contract."  MORE >>