Most recent posts

  XML Feeds

Search

« 2018 Family HSA Contribution Maximum ReducedFlu Shot Still Worth It? Absolutely »

MedBen ERISA Disability Claims Document Available for Download

03/05/18

  08:57:00 pm, by MedBen5   , 205 words,  
Categories: News, Compliance, ERISA

MedBen ERISA Disability Claims Document Available for Download

Department of Labor logo

The MedBen Compliance team has created a document outlining the final regulations relating to disability claims under the Employee Retirement and Income Security Act (ERISA), which will become effective on April 1, 2018. You can download this document from the MedBen.com website.

ERISA employers sponsoring disability plans should familiarize themselves with the provisions of these new rules, which are intended to protect workers and disability plan participants who make claims under their employer-sponsored disability plans. Much like the Department of Labor's revision of health care claims procedures prior to and through the Affordable Care Act (ACA), these Final Rules ensure that disability claimants receive a full and fair review of their disability claims as required under ERISA Section 503, by requiring that plan sponsors comply with additional procedural requirements.

Employers should note that the Final Rules may affect more than just disability insurance and self-funded health plans; any ERISA-governed plans which include disability benefits, including certain defined benefit plans, 401(k)s, ERISA-covered 403(b)s, and top hat plans, are subject to the Final Rules. Only non-ERISA plans or arrangements are exempt from the new rules.

MedBen clients with questions regarding the final disability claims rules are welcome to contact Vice President of Compliance Caroline Compliance Caroline Fraker at 800-851-0907 or cfraker@medben.com.

No feedback yet