News 2017-08-20T09:17:05+00:00

ERISAPros News

Cyber Liability Insurance for Employee Benefit Plans

“Many [plan sponsors] are purchasing cyber liability insurance coverage to supplement their data security measures…. [M]any policies vest the decision to retain legal counsel in the insurer, rather than the policyholder…. Plan sponsors should also identify the plan’s service providers who have access to PII and PHI and ensure that […]

By | July 1st, 2018|

DOL Issues Final Association Health Plan Rules

“On June 19, 2018, the Department of Labor (DOL) released a final rule that offers new options for associations to sponsor health plans for their members.  These new options allow more small businesses to come together to create large employer plans free from many of the Affordable Care Act (ACA) mandates […]

By | July 1st, 2018|

“Tie Goes to the Plan Administrator: Sixth Circuit Clarifies Importance of Firestone Language for ERISA Plan Interpretation

[P]lan sponsors should take the following steps as a result of this litigation.

  1. Inventory all plans, including qualified, nonqualified, health and welfare, and severance plans that are subject to ERISA.
  2. Review these plans to make sure that they have language that provides the plan administrator with authority to interpret the […]
By | June 1st, 2018|

Patients Overpay for Prescriptions 23% of the Time

“The practice of charging a copay that is higher than the full cost of a drug is called a ‘clawback’ … After taking your insurance card, your pharmacist says you owe a $10 copay, which you pay, assuming that the drug costs more than $10 and your insurance is covering […]

By | April 1st, 2018|
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