Frequently Asked Questions

While there has been no specific guidance from the U.S. Department of Labor on how to handle this, Wrap360 recommends listing Cal Choice in the Wrap templates, with Cal Choice or the carriers taking care of the required information for each individual regarding distribution of the benefit plan component documents (such as insurance contracts, benefit summaries, certificates of coverage, etc.)—which plan participants must receive in addition to the Wrap SPD to be compliant with ERISA.

Information regarding the type of options offered (i.e. HMO/PPO options) does not need to be included in the Wrap documents because it will be in the benefit component documents, and if there are changes the Wrap documents will have to be amended. However, if there are two different contract numbers, it would be prudent to add the particular benefit as a separate plan (in this case, you still do not have to specify HMO/PPO, but you can enter this as the name of the plan if desired—i.e., Medical Plan HMO and Medical Plan PPO).