Compliance
Sibson Consulting offers a range of compliance services and publications to help employers navigate the maze of federal, state and local laws and regulations related to benefit plans.
Compliance Services
- Drafting plan documents, summary plan descriptions, plan enrollment information, administrative forms and participant correspondence and notices
- Reviewing documents for compliance with Internal Revenue Code and Department of Labor provisions and regulations, internal and external consistency, and the provision of clear rules and guidelines for plan operations
- HIPAA privacy and security assessment, policies and procedures, compliance and training programs
- Designing Wellness programs to promote healthy lifestyles while complying with strict federal guidelines
- Drafting policies and procedures, and conducting training, on a wide range of federally mandated plan provisions, including COBRA, QDROs, USERRA, PPA, Cafeteria plans, and other laws
- Developing individual account health plans to accommodate changing health policy needs of employers, including Health Savings Accounts and Health Reimbursement Arrangements
- Help employers navigate new and confusing rules regarding Medicare, coordination of benefits, and the Medicare Part D Retiree Drug Subsidy (RDS)
- Help employers prepare for government audits of health and retirement plans
- Crosschecksm, an operational review of your administrative procedures
Compliance Publications
- An annual Reporting & Disclosure Calendar for Benefit Plans
- Compliance Alert, a periodic electronic newsletter that summarizes important developments affecting benefit plan compliance
- Capital Checkup, a periodic electronic newsletter that summarizes health care related activity in Washington
- Periodic Bulletins that describe compliance issues raised by major legislation, regulatory developments or accounting standards
Our Washington-based staff include experts in both health and pension laws, who are able to maintain close relationships with government agencies, which allows them to be able to respond to questions quickly and efficiently. We are able to follow legislative developments carefully and update clients as to new laws. In addition, The Segal Company's compliance experts wrote and serve as ongoing editors to Employer's Guide to HIPAA Privacy Requirements, published by the Thompson Publishing Group, Inc.