The Employee Retirement Income Security Act of 1974 (ERISA) helps to protect workers from poverty after retirement. The law creates restrictions on how companies manage pensions and employer-sponsored retirement benefits. Although the name specifically references...
When might an insurance company violate its duty under ERISA?
Insurance companies underwrite policies as a way to generate revenue. These companies make money by collecting premiums and lose profits when they have to pay large claims. The majority of insurance providers are for-profit organizations, which means that their best...
How many appeals does ERISA allow for disability claim denials?
Certain worker benefits provided by employers are subject to federal regulation. For example, those who have short-term or long-term disability insurance coverage provided by their employers typically have certain protections thanks to the Employee Retirement Income...
4 tips when you are appealing an ERISA disability claim denial
As you may know by now, getting the disability benefits you deserve under an employer-sponsored disability plan governed by the Employee Retirement Income Security Act (ERISA) is no easy task. It is common for many Colorado claims to result in denial. Of course, you...
Avoid these mistakes when appealing a denied ERISA claim
The Employee Retirement Income Security Act (ERISA)is a federal law that governs employer-provided insurance plans. One of the key provisions of ERISA is that you have the right to appeal a denied claim for benefits under the plan. However, not all appeals sail...
Should you supplement your ERISA LTD policy with your own?
An advantage of having employer-sponsored insurance policies is that you can typically get them for far less than it would cost to get your own. This is particularly true when it comes to disability policies. It can be reassuring to know that you have a long-term...
2 important steps to prepare for an ERISA disability appeal
Many employees take certain benefits for granted, not realizing that their employer or other business could defraud them. The government has many laws in place to reduce the likelihood of people becoming indigent because of lies or misconduct by businesses. The...
How long do you have to file an ERISA appeal?
An insurance policy covered by the 1974 Employee Retirement Income Security Act (ERISA) gives you certain rights. The insurer must handle your claim in accordance with those rights. That does not mean they will. Every year, many employees who believed taking out...
Does ERISA govern all private disability benefits?
Disability benefits are an important safety net that many people ignore until they need. Some people don't have any disability coverage protecting them other than benefits possibly available through the Social Security Administration. Every worker in the country has...
How to appeal your denied ERISA claim in Colorado
Claim denial can be a difficult thing to face, but it's not necessarily the final decision. It's important to understand your rights as a beneficiary so that you can take the appropriate actions to get your claim accepted. About ERISA ERISA, the Employee Retirement...