Keep your Funds in good hands
MagnaCare is your one-stop solution for efficiently managing your Fund. We offer a full spectrum of integrated services customized to meet your specific needs and preferences.
Reduce your administrative burden
We have the experience and focus to stay on top of all the complex requirements involved in Fund administration. As your Fund management team, we relieve the administrative burden for your trustees in several ways.
Setting agendas for your general and trustee meetings
Maintaining minutes and distributing reports
Publishing and distributing notifications about benefit plan options for members
Keeping track of all copies of signed plan summaries and summary updates
Maintaining paper and electronic records for completeness and easy retrieval
Managing all documents, including fiduciary records, participant records, and annual filings
Gain peace of mind that you’re in compliance
Staying compliant with changing laws and regulations can be daunting. Rules are becoming increasingly complex, and non-compliance can result in penalties.
With deep expertise in compliance, we make sure your Fund is always current with state and federal government mandates. We ensure you have the policies and procedures in place to safeguard information in adherence to HIPAA privacy requirements. And we confirm your self-funded health plans satisfy the Affordable Care Act (ACA), ERISA, and state-mandated health care guidelines.
COBRA compliance is a separate but equally important function. Our COBRA administration program lightens your team’s load. With our proactive approach, you can be confident that COBRA responsibilities are covered.