The Consolidated Appropriations Act, 2021 (CAA) passed in December 2020 and established the plan sponsor as the fiduciary under ERISA/PHSA/IRS tax code. This new legislation has significant implications for employer-sponsored health plans and the brokers who support them.

Recently, InCite Performance Group partnered with Innovu to host a webinar on the implications of CAA for plan sponsors (employers). This article will go over the key points of that discussion, followed by a separate Q&A interview on CAA with the CEO of Innovu, Hugh O’Toole.

By the end of this article, you will better understand how the CAA can offer an opportunity for benefits brokers to open new doors and educate buyers on a significant and eminent change to our industry.

BenefitsPro Broker ExpoEvent

BenefitsPro Broker Expo will help attendees prepare for new issues, embrace new challenges and find new solutions.

Get More Information
 

BenefitsPro Broker ExpoEvent

BenefitsPro Broker Expo will help attendees prepare for new issues, embrace new challenges and find new solutions.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.