Excerpt from Practical Guidance

8 Best Practices For Handling ERISA Benefit Claims

By Michael Graham and Leigh Jahnig ( September 27, 2019, 4:59 PM EDT) -- This article addresses compliance considerations and best practices for the administration of benefit claim procedures, including internal review of denied benefit claims, under employee benefit plans governed by the Employee Retirement Income Security Act. As discussed herein, the appropriate plan fiduciaries' failure to implement and follow compliant claims procedures can have costly consequences for plan sponsors....

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