If you receive coverage through a health insurance plan or have a retirement benefits plan, you may wonder if your plan falls within the scope of ERISA – the Employee Retirement Security Income Act of 1974. ERISA sets minimum standards for employer-sponsored health and retirement plans for private-sector employers. These standards protect plan participants and…
The Employment Retirement Income Security Act (ERISA) is a federal law establishing rules and regulations for employer-sponsored benefit plans, such as health insurance, retirement, deferred compensation, and profit-sharing plans. ERISA ensures employers manage such plans appropriately, protecting employees’ rights to the benefits they contributed to or earned through their work. However, ERISA’s detailed rules and…
The Employee Retirement Income Security Act (ERISA) is a federal law that established standards for employer-sponsored benefit plans, including disability insurance. It governs the claims process and helps individuals whose benefits were wrongfully denied. While it is a federal framework, state laws can still influence disability claims. This blog will clarify how state laws can…
Planning for retirement is an important step to take no matter where you are in your career. Retirement plans are designed to help you save money for retirement and live a financially stable life. You can choose from various retirement plans, which may make it difficult to decide which is right for you. The two…
Your employer-provided insurance is supposed to be there for you in your time of need. Whether you must undergo surgery to repair a life-threatening condition or you need medications to manage a chronic, long-standing issue, your insurance benefits exist to make these necessary expenditures more affordable. That is why having a claim you submit for…
Many private employers provide benefits to their full-time employees, including retirement benefits and health insurance. One benefit that you might have and not know about is disability insurance. As the name implies, this insurance protects you in the event you are unable to work and earn a paycheck for an extended period of time. If…
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