CAA Rule Changes: Employers as a Health Plan Fiduciary

Changes to the Consolidated Appropriations Act are just around the corner as we prepare to enter into 2022. Under the new rules, many plan sponsors and employers are identified as fiduciaries, similar to existing retirement plan requirements. As we approach the CAA provisions enactment date, preparation is vital. 

Why the “Fiduciary” Tag is Important

When a plan sponsor is designated as a fiduciary, several critical compliance-related issues may arise as a result. It will be essential to review these potential gaps with your broker to ensure your organization is not at risk when the new CAA provisions are enacted. 

 An article from BenefitsPro highlights some steps to take:

How To Prepare?

A trusted advisor can help you prepare to act as a plan fiduciary for your enrollees. There are a few items to begin with when preparing for these changes, and it will be essential to do so immediately as the implementation of the new CAA draws nearer. Your broker can work with you to fulfill these tasks to get started, which include:

Join RCM&D for the next session in the Consolidated Appropriations Act webinar series. 

RCM&D is hosting a webinar series to help you prepare for the expected changes to your employee benefits plans as a result of the Consolidated Appropriations Act. We hope you can join us for the next session to discuss these important provisions. 


If you have any questions about the new CAA rules or employers as a health plan fiduciary, talk to an RCM&D advisor today.