What is ERISA and how does it affect my claim for benefits?
ERISA is an acronym for Employment Retirement Income Security Act. It governs the administration of employee benefits plans and the rights of the beneficiaries under the plan. Most plans offered through your employer are governed by ERISA. Under ERISA, you may recover benefits through civil action once all other requirements are met in the employee plan by filing appeals with the insurance company.
ERISA is an acronym for Employee Retirement Income Security Act. Passed by Congress in 1974, it is a federal statute that governs the administration of employee benefit plans and the rights of the beneficiaries under the plan. If your policy (disability, life, etc.) is through your employer, then chances are it is governed by ERISA. Under ERISA, a participant or beneficiary may recover denied employee benefits through a civil action, but only after first exhausting the procedures, as found in the employee plan, by filing appeals with the insurance company.
The Employment Retirement Income Security Act of 1974. This Federal law governs the administration of employee benefits plans and the rights of the beneficiaries under these types of insurance plans. Most employer-sponsored plans are subject to ERISA. Once all policy requirements have been met –usually by filing appeals, you may be entitled to recover benefits through a lawsuit.
