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2025 PLAN YEAR AMENDMENT to the COVERED CALIFORNIA QUALIFIED HEALTH PLAN ISSUER CONTRACT FOR 2023 2025 FOR THE INDIVIDUAL MARKET between Covered California and xxx (Contractor)January 11, 2024RECITALS
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Who needs 2025 plan year amendment?

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Employers who sponsor retirement plans that operate on a calendar year basis will need to fill out a 2025 plan year amendment.
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A plan year amendment is a modification made to an employee benefit plan during a specific plan year, typically to ensure compliance with legal or regulatory changes.
Employers sponsoring employee benefit plans are required to file a plan year amendment to, particularly if there are changes in the plan or applicable legislation affecting the plan.
To fill out a plan year amendment, follow the specific instructions provided by the regulatory body (e.g., IRS or Department of Labor), including providing details on the amendments made and signing the document as required.
The purpose of a plan year amendment is to document changes to an employee benefit plan, ensuring that the plan remains in compliance with current laws and regulations and reflects any new provisions.
Information typically reported includes the name of the plan, the type of amendment, effective dates, and any relevant changes made to plan provisions.
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