VIDEO

In September 2024, the Departments of Labor, Health, and Human Services and the Treasury issued the highly anticipated final rule under the Mental Health Parity and Addiction Equity Act of 2008 (“MHPAEA”).

In an effort to increase oversight and participation by plan sponsors, the new rules now provide that plan fiduciaries must certify that the Plan they sponsor has engaged in a “prudent process” to select at least one qualified service provider to complete the plan’s comparative analysis. Learn more in the video.

Performing New Duties

Plan sponsors will need to be mindful of their new duties surrounding MHPAEA certification when selecting and negotiating their administrative service agreements for the upcoming year.