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Are self-funded insurance plans covered by ERISA?

April 26, 2017Covered ERISA Finance financial Insurance investments Markets plans self-funded

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Are self-funded insurance plans covered by ERISA?

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Employee Retirement Income Security Act (ERISA) protects retirement investments of Americans by regulating these plans from fiduciary (plan management) mishandling or questionable management. ERISA was put in place to protect qualified plans, such as voluntary pension and health plans. According to the Society of Human Resource Management, self-funded insurance plans are covered by ERISA.References:Investopedia: ERISASociety For Human Resource Management: More Employers Weigh Self-Funded Health PlansU.S.