Employee Benefits Update - October 2009
Complying with the Mental Health Parity and Addiction Equity Act of 2008
We previously reported that the economic stimulus package that was adopted in October 2008 included the Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Equity Act of 2008 (the "Wellstone Act"). The changes made by the Wellstone Act will be effective for non-union plans for plan years beginning on or after October 4, 2009. Plan sponsors that have calendar year plans will have to comply as of January 1, 2010. In anticipation of this rapidly approaching deadline, this newsletter provides a review of these new mental health parity rules, as well as some action items to consider.
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