Disability Claims

On Jan. 5, the Department of Labor (DOL) announced that, effective April 1, employee benefit plans must comply with new requirements for disability benefit claims. Section 503 of ERISA requires every employee benefit plan to: Provide adequate notice in writing to any participant or beneficiary whose claim for benefits under the plan has been denied, setting forth the specific reasons for the denial, written in a manner calculated to be understood by the participant; and Afford a … [Read more...] about New Rules for Disability Claims Taking Effect