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Compensation Disclosure

… be owned in whole or part by EPIC or may be affiliates of EPIC, captive managers or premium finance companies (collectively, ā€œIntermediariesā€). EPIC is compensated in a variety of ways for the services it provides to its clients, and a particular placement may involve one or a combination of such arrangements.Ā  Primarily, EPIC is compensated through commission payments that are based on (and a part of) the premium charged and collected by Insurers for each insurance policy secured for EPIC’s clients.Ā  In some cases, EPIC may receive specific fees from clients in lieu of or, as permitted, in addition …

https://www.epicbrokers.com/compensation-disclosure-statement/

Compliance Alert: COBRA Series, Part I: The Basics of COBRA

… COBRA applies to plans maintained by most private-sector and state and local governmental employers. The law does not apply to plans sponsored by the federal government or by churches and certain church-related organizations. ELIGIBILITY FOR COBRA BENEFITS A covered group health plan must offer COBRA continuation coverage to certain participants after a QE. A group health plan is any arrangement that an employer establishes or maintains to provide employees or their families with medical care, whether it is provided through insurance, by an HMO, out of the employer’s assets (self-funded), or through any other means. QUALIFIED

https://www.epicbrokers.com/insights/compliance-alert-cobra-series-part-i-the-basics-of-cobra/

Compliance Alert: DOL Announces Increased Health Plan Violation Penalties

… day Failure of a multiple employer welfare arrangement (MEWA) to file an annual report (Form M-1) with the DOLUp to $1,558 per dayUp to $1,597 per day Failure to furnish plan-related information requested by the DOL *Under ERISA, administrators of employee benefit plans must furnish to the DOL any documents relating to the employee benefit plan upon requestUp to $152 per day, not to exceed $1,527 per requestUp to $156 per day, not to exceed $1,566 per request Failure to provide the annual notice regarding Children’s Health Insurance Program (CHIP) coverage opportunities …

https://www.epicbrokers.com/insights/compliance-alert-dol-announces-increased-health-plan-violation-penalties/