ERISA


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ERISA

Employee Retirement Income Security Act of 1974 Managed care A legislative act for regulating employee benefit plans–eg, healthcare plans sponsored and/or insured by an employer; ERISA exempts from state regulations, those companies that provide self insurance, or which fund their own insurance plans

ERISA

Employee Retirement Income Security Act.
References in periodicals archive ?
It should be noted, though, that when ERISA passed, the courts didn't view the clauses as favorably as they do today.
Opponents of the clauses point out that Congress intended to protect participants by giving them three forum options and that legislators could have added language to ERISA's venue provision to allow the clauses.
ERISA is also an avid reader and enjoys passing time playing tower defense games on her computer.
ERISA Section 204(h) requires participants and alternate payees to be notified, within a reasonable period of time, before the effective date of an amendment that provides for a significant reduction in benefit accrual.
The Supreme Court ruling comes after current and former employees of three hospital chains--Dignity Health, Advocate Health Care, and Saint Peter's Healthcare System--sued their employers in an effort to make them comply with ERISA. The employees argued that pension plans established by the large health care providers should not fall under ERISA's "church plan" exception because the plans were not established by churches.
A week ago, the Supreme Court held that ERISA does protect self-insured plans against conflicting state rules in a 6-2 decision on the Gobeille case.
Prior to Templin, it was difficult for an ERISA claimant to prevail on a claim for attorney's fees if the case settled early in the litigation process.
In other words, as the plan advisor, a deep understanding of ERISA is less important as long as you help your client:
Unfortunately, however, most federal courts permit ERISA