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Yes. Each year Sentinel will post your annual participant notice package to the Plan Sponsor Website. Email notification is provided once the package has been posted and is ready for download. This is typically provided around 60 days in advance of ...
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Last Updated: 10/17/2018
in COBRA General Information The statute requires the “group health plan” to provide notice. The definition of group health plan, however, does not identify any particular party. Most commentators have assumed that the plan administrator has the obligation to provide the initia...
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Summary Plan Description (SPD) must be furnished to participants within 120 days after plan is adopted. New employees must receive a SPD within 90 days after becoming participants. If plan is amended, an updated copy of SPD must be given to plan ...
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A fiduciary is any person who uses their own discretion when administering and managing the plan or controlling the plan’s assets. Fiduciary status is based on functions performed, not just a person’s title. They ordinarily include the trustee(s), i...
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Last Updated: 10/17/2018
in COBRA General Information COBRA requires that “each” qualified beneficiary be entitled to elect COBRA coverage. If there is a choice among types of coverage under the plan, each qualified beneficiary is entitled to make a separate election among the different types at open e...
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While you are generally only allowed to change your benefits elections during the open enrollment period each year, certain life events provide an exception. Those life events allow you to change your benefits elections in the middle of the plan y...
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The Coronavirus Aid Relief and Economic Security Act (CARES Act) signed into law on Friday, March 27, 2020 includes an important change to reimbursement plans. Among other provisions, the bill permanently reinstates coverage of over-the-counter (OTC...
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Summary of Electronic Delivery Regulations : On May 21, 2020, the Department of Labor (DOL) issued a final regulation allowing employers to delivery certain ERISA required documents and disclosures electronically. The new rule allows for default...
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Last Updated: 10/16/2018
in COBRA General Information Employers and plan administrators should know who is entitled to COBRA coverage. Problems can arise if COBRA is not offered to someone who is eligible or if it is offered to a person who is not eligible to elect COBRA coverage. Under the COBRA rul...
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The Vault is a secure website that houses all of your plan’s important fiduciary documents. The Vault can be accessed via the Plan Sponsor Website or directly at sentinelgroup.sentinelvault.com . ...