AGENTS — UPDATED SECTION 125’s & SPD’s AT NO COST TO MEMBERS

To help members reduce their costs, the Associations are providing complimentary services such as Section 125 Plans and Summary Plan Descriptions (SPD) documents to all dues paying members in good standing.

The adoption agreements are now compliant documents reflecting ALL the Health Care Reform Law changes as of January 2011. These documents are FREE to our members…effective 2/1/11, the cost to non-members is $25 each.

The Section 125 Plan has a separate adoption agreement from the Benefits Wrap SPD adoption agreement. The Benefits SPD adoption agreement is one compliant document rather than creating 5 different forms for different types of plans.

The Employer Retirement Income Security Act (ERISA) guidelines make it mandatory for all businesses with 2 or more employees to provide employees with a Summary Plan Description (SPD). We continue to take a leading role in informing and helping our members meet their obligations under ERISA.  Types of benefits covered by Summary Plan Descriptions include: Medical, Long Term Disability, Short Term Disability, Life/AD&D and freestanding Dental/Vision.

NOW, Two Easy Ways to Get Your Client’s SPD if They are an Active Member of Our Associations:

1) Let Us Do It For You

• Access an SPD adoption agreement from our Agent Pavilion
• Complete it and e-mail it back to us IN WORD FORMAT at info@michbusiness.org, being sure to provide your complete contact information
• We complete and return the documents within two working days.

2) Create Your Own On-Line (NEW)

• Go to our Agent Pavilion and click on Summary Plan Description on the main menu.
• Follow the instructions to create your client’s plan…..you can save it in your client’s ‘library’ for their/your future use.

For Section 125s: 1) Download the adoption agreement from our Agent Pavilion; 2) complete it IN WORD FORMAT and return it to us at info@michbusiness.org with your complete contact information, 3) we will complete the materials and return them to you within two working days.

We look forward to continuing to provide you and your clients with the most up to date and easily accessible services in this important area. If you have questions or are in need of assistance, please contact our Member Services Team at 1-888-277-6464 or 1-586-393-8800.