Category: ERISA

Many California residents suffering from a long-term disabilities often have a legitimate right to benefits under ERISA, which is an acronym for the Employee Retirement Income Security Act. However, these claims are subject to acceptance by insurance companies. Insurance is an industry like many others and this means the companies that provide this insurance do […]

Health insurance provider Anthem Inc., and prescription drug benefit and mail-order provider Express Scripts are facing lawsuits filed under the Employee Retirement Income Security Act. The lawsuits from plan participants come after the two businesses had already been engaged in legal battles between themselves. According to reports, Anthem first sued Express Scripts earlier in 2016, […]

The Consolidated Omnibus Budget Reconciliation Act is more often referred to as COBRA, and it is an addition to the Employee Retirement Income Security Act of 1974. ERISA protects certain benefits of qualifying employees, and COBRA extended that protection to health care coverage. Specifically, COBRA provides a path for individuals who lose health care coverage […]

If you’ve been disabled, it is important to protect your rights. A disabled individual may need extended medical care, special therapies or other accommodations. Yet coverage under your insurance policy may not be automatic. If you were initially denied, the particular policy may require you to file an appeal. It is imperative to consult with […]

The Employee Retirement Income Security Act describes a number of laws at the federal level that are meant to protect workers who have profit-sharing, retirement, pension or health insurance plans provided by a private employer. Employers who fall under ERISA must provide certain information to employees, perform fiduciary duties as legally obligated and provide processes […]

Our readers likely remember the collapse of Lehman Brothers Holdings Inc. and its filing for Chapter 11 bankruptcy, the largest ever, as one of the key actions that started the global financial crisis of 2008. Now, in one of the final remaining lawsuits stemming from the bank’s collapse, a Manhattan federal appeals court has decided […]

When you purchase disability insurance, you do so with the idea that it could cover a variety of expenses should you lose income as the result of an illness or injury. You may believe that you only need one or the other. But before you decide to purchase one type and forget about the other, […]

The term ERISA is one many people have likely heard. Short for the Employment Retirement Income Security Act, despite having heard the acronym, many people may not be aware of what it is, and how it affects them. This act applies to most people who are employed in the United States and receive group disability, […]

Many people don’t realize that their retirement savings plan is governed by regulations detailed in the Employee Retirement Income Security Act, which is widely known by the acronym of ERISA. However, plan sponsors know how to ensure compliance with ERISA, right? Sadly, too many admit that they don’t. According to a recent report by the […]

The Employee Retirement Income Security Act exempts pension plans that are “established and maintained for its employees by a church or by a convention or association of churches” if they have tax-exempt status. Now a federal judge in Colorado has dismissed a case against Denver-based Catholic Health Initiatives. This is a non-profit group of hospitals […]