Does your benefits plan give you sufficient discretion? Does your employee benefits plan grant long-term disability (LTD) benefits based on proof of continuing disability thats satisfactory to the plan administrator? If your answer is yes or I dont know, this article should prompt you to undertake a serious review of your plan language. 4th Circuits decision Recently, the U.S. 4th Circuit Court of Appeals--which covers Maryland, North Carolina, South Carolina, Virginia and West Virginia--joined five sister circuits in ruling that plans governed by the federal Employee Retirement Income Security Act of 1974 (ERISA) that grant LTD benefits based on proof of continuing disability thats satisfactory to the plan administrator do not bestow discretionary decision-making authority on the plan administrator. Read More :- humancapitalonline
Posted on: Thu, 23 Jan 2014 07:39:05 +0000
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