Consolidated Appropriations Act Fee Disclosure Requirements

In December 2020, the Consolidated Appropriations Act (CAA) was signed into law. A key requirement of the law going into effect on December 27, 2021 which will require brokers and consultants of ERISA covered group health plans to disclose their compensation if they expect to receive $1,000 or more in either direct or indirect compensation for providing their services.

While the new fee disclosure requirements are a source of confusion and uncertainty for many people, the Ameriflex team is keeping a close eye on the latest developments and will continue to communicate important updates that may impact our partners. In the video below, Ameriflex General Counsel Donna Wilkinson discusses the new requirements and what to expect in the coming weeks.