Mark Farrah Associates (MFA),, presents 5500 Employer Health Plus, its newest offering of invaluable portals. This new tool has been designed to simplify the analysis of employer health & welfare benefits including medical, dental, vision, disability and other benefits. MFA’s 5500 Employer Health Plus uniquely focuses on health & ancillary benefits purchased by private sector employers and the relationships employers have with contracted insurers, administrators and brokers.
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The new user interface allows for both detailed and summary level data retrieval. Data sources include Form 5500 filings and related schedules for plans that have the indication of providing health & welfare benefits. Large private-sector employers providing health and welfare benefit plans subject to ERISA are required to file the annual Form 5500 with the Internal Revenue Service. Form 5500 is a primary source of employer information about health and welfare benefits plans.
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Key Features include:
1. Plan employer/sponsor key information and industry classification
2. Retired & Separated Participants
3. Most recent filing indicator
4. Insurance carrier standardization with parent company groupings and NAIC plan ID
5. Filings category by industry sector
6. Ability to analyze data at a detailed and summarized level
7. Benefit types including health, dental, stop loss, vision, life, and many more
8. Includes key data from: Form 5500, Form 5500 SF, Schedules A and A-1, Schedule C, Schedule H
9. Premiums, claims, benefit plan participation and number of insured
10. Brokers, fees and commissions
11. Self-insured versus fully-insured health plans by employer
12. User-friendly web interface with easy-to-navigate tables and download to Excel
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