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To be compliant with ERICA and the ACA, a Wrap SPD. Plan Document must contain statutorily defined information about employer benefit offering. Failure to ...
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Core wrap SPD plan is a Summary Plan Description that combines information from multiple health and welfare benefit plans into one comprehensive document.
All employers who offer health and welfare benefit plans to employees are required to file a core wrap SPD plan.
To fill out a core wrap SPD plan, employers need to gather information from all health and welfare benefit plans offered and create a comprehensive document that outlines the details of each plan.
The purpose of core wrap SPD plan is to provide employees with a clear and concise summary of all health and welfare benefit plans offered by the employer.
Core wrap SPD plan must include details on each health and welfare benefit plan offered, such as eligibility requirements, coverage options, and plan rules.
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