The Indiana M400 form is a renewal application specifically designed for Multiple Employer Welfare Arrangements (MEWAs). A MEWA is an entity that provides employee benefit plans, such as accident and sickness or death benefits, to employees of at least two employers, including self-employed individuals. This form ensures that the MEWA remains compliant with state regulations.
Any organization operating as a MEWA in Indiana must complete the M400 form when renewing their registration. This includes groups of employers, trade associations, and other entities that provide health benefits to employees from multiple businesses.
The M400 form requires several key pieces of information, including:
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The full name of the MEWA
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The statutory home address
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The mailing address
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Contact person details
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Information about the employers involved in the MEWA
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Details regarding any changes to the application information from the previous year
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Financial information, such as the MEWA’s fund balance
By certifying the application information, the applicant confirms that the details provided are accurate and complete. If there have been changes to the previously submitted information, the applicant must attach the revised documentation. This certification is crucial for maintaining transparency and accountability.
Yes, the M400 form includes questions about the MEWA's organizational structure, such as:
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Whether the employers in the MEWA are part of an association or group.
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If the association is actively involved in activities beyond mere sponsorship.
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Details about any third-party administrators and their relationship with the trustees.
These questions help regulators understand the MEWA's operations and governance.
The fund balance indicates the financial health of the MEWA. It reflects the total assets available to cover the benefits promised to members. Providing this information allows regulators to assess the MEWA's ability to fulfill its obligations to its members.
If there are changes to the previously submitted application information, the applicant must indicate this on the form and provide the revised documentation. This ensures that the information on record is current and accurate, which is essential for compliance and effective operation.
Yes, assistance is available for completing the M400 form. Many organizations offer support services to help applicants understand the requirements and ensure that all necessary information is accurately provided. Seeking help can reduce the likelihood of errors and delays.