The Health Insurance Portability and Accountability Act also ensured morepatient privacy. Only the patient can have access to his or her medical records under the rules, and insurance companies, doctors offices and others that keep medical records are required to take strict steps to secure the inf...
The Federal law ERISA (Employee Retirement Income Security Act) helps the majority of medical practices make carriers pay on claims that are now being denied, delayed, and recouped. Only a small percentage of practices understand how ERISA works. Yet with appropriate guidance, ERISA could possibly...
ERISA applies to a variety of employee welfare and benefit plans such as group healthcare and group life insurance.CushingPartnerPaulPartnerM.PartnerMorrisPartnerD'AsiaPartnerM.PartnerEBSCO_bspBanking Law Journal
What is whole life insurance? What is considered an employee benefit plan under ERISA? What is a trustee? What is a package mortgage? What is the tax benefit of a SEP IRA? What is an IMC plan? What is nonfarm payroll? What is a savings bond?
The first option is also known as the "ERISA" form of joint annuity since it was mandated under the Employee Retirement Income Security Act of 1974. Employers of defined benefit plans are required to offer this joint life annuity option to their retirees because the annuity originates from the...
A health reimbursement arrangement (HRA) is a benefit that allows employers to reimburse employees for health insurance premiums and medical expenses.
Using COLI to informally fund a NQDC plan will not cause the plan to be funded for ERISA purposes. More specifically, if the employer is the owner and beneficiary of the policy, and the NQDC plan benefits are paid directly out of the employer's general assets, and the employee partici...
The Silliness of ERISA: The Plan is Not the Only Proper Party Defendant in an ERISA Benefits Claim ERISA recites in § 502(d)(1) that a plan can sue and be sued as an entity. Does such a legislative pronouncement, in and of itself, establish the plan as ... Bogan,Donald,T. - ...
ERISA requires every plan fiduciary and anyone else who handles or has the authority to handle plan assets to be covered by a bond. A fidelity bond is an insurance policy that names the plan as the insured party and covers anyone who handles or has the authority to handle plan assets. The...
Other legislation, such as the HMO Act of 1973 and theEmployee Retirement Income Security Act(ERISA) of 1974, has also brought certain aspects of the health insurance business under the federal government's purview. The federal government's role in the insurance sector at large has expanded thro...