Tag: ERISA

Healthy Competition for Better Care Act Seeks to Reform Health Care Market Dynamics

The Healthy Competition for Better Care Act introduces bipartisan reforms to enhance transparency, curb anti-competitive practices, and promote patient choice in U.S. health care markets, aiming to reduce costs and improve access to quality care.

Eleventh Circuit Limits Insurer's Denial of Coverage on Pre-Existing Conditions in ERISA LTD Case

Eleventh Circuit rules insurer's denial of ERISA long-term disability claim for pre-existing conditions was unreasonably broad, impacting insurer policy interpretation standards.

ERISA Lawsuit Alleges Major Insurers Wrongfully Denied Disability Benefits

A major ERISA lawsuit alleges wrongful denial of disability benefits by top insurers, raising compliance and fiduciary duty issues under federal law.

NY Federal Judge Dismisses GE Pension Risk Transfer Lawsuit

A New York judge dismissed a lawsuit challenging General Electric's pension risk transfer to Athene, affirming the legality of PRT deals under ERISA and supporting insurer participation in pension risk markets.

Trump Executive Order Expands 401(k) Access to Private Equity and Alternatives

President Trump's executive order expands 401(k) investment options to include private equity and alternative assets, offering new diversification opportunities while raising fiduciary and regulatory considerations for retirement plans.

Court Dismisses Lawsuit Challenging GE's $1.7B Pension Risk Transfer to Athene

A federal judge dismissed a lawsuit by former General Electric employees challenging a $1.7 billion pension risk transfer to Athene, citing lack of standing under ERISA. The ruling highlights judicial support for pension risk transfers as compliant and lawful.

Massachusetts Court Partially Grants Summary Judgment in ERISA Life Insurance Dispute

The District of Massachusetts court ruled partially on summary judgment in an ERISA dispute involving life insurance benefit denials by Hartford Life & Accident Insurance Company linked to Tufts Medical Center Physicians Organization.

Expanding Lifetime Income Options in 401(k) Plans Through Annuities

Explore how 401(k) plan sponsors can enhance lifetime income options with annuities, navigating fiduciary duties and leveraging SECURE Act provisions for better retirement outcomes.

New Jersey Adopt Best-Interest Annuity Standards as 50th State

New Jersey completes nationwide adoption of NAIC best-interest annuity standards, aligning state and federal regulations on insurance producer obligations and consumer protections.

Proposed Department of Labor Regulations to Refine Health Plan Fiduciary Duties

Scholars argue for enhanced Department of Labor regulations under ERISA to improve fiduciary duties in selecting employer-sponsored health insurance, advocating for transparency and value in plan choices.