Amended Claims Procedures for Employee Benefit Plans Providing for Disability Benefits Are Now in Effect
Employee benefit plans subject to the Employee Retirement Income Securities Act of 1974 (“ERISA”) that provide disability benefits – e.g., 401(k), pension, medical and disability plans – must now comply with the Department of Labor’s amended rule on disability claims procedures that went into effect on April 1, 2018.
The below Client Alert reviews the specific requirements of the amended rule, which generally requires that plan fiduciaries and insurance providers who make determinations about disability claims comply with heightened procedural safeguards if they deny disability benefits claims.
PDF of Client Alert: CLIENT ALERT: Amended Claims Procedures for Employee Benefit Plans Providing for Disability Benefits Are Now in Effect
Related Practices
Our Executive Compensation & Employee Benefits Practice represents companies and individuals in virtually all aspects of the employment relationship and in a wide variety of industries. We provide strategic advice and offer creative, commercial solutions designed to achieve favorable outcomes for our clients.
Employees are a company’s most important asset, and our lawyers provide comprehensive advice to a wide variety of companies as to all facets of their compensation and benefits matters. Our abilities allow our clients to attract, retain and incentivize their employees and protect their commercial interests.
Our lawyers represent a wide range of clients on the ERISA regulatory issues that are associated with investments by U.S. pension plans. These clients may be accepting investments from ERISA investors or engaging in other transactions with ERISA counterparties, or have fiduciary responsibility for managing ERISA plan assets.
Our Labor & Employment Law lawyers counsel businesses of all sizes and levels of complexity in connection with their day-to-day employment concerns, focusing not only on the many federal, state and local laws and regulations that govern the workplace, but on each employer’s business and operational objectives. Our complete approach includes preventative measures, training, and representation in formal proceedings before federal and state courts and administrative agencies.
Tax-qualified retirement and pension plans present a minefield of complex tax and legal requirements for employers. Our attorneys are seasoned in navigating these issues, and provide clients with sophisticated legal advice on the design, operation and maintenance of a broad range of plans.
