federal laws

Richard Asked:

Erisa laws

any one familiar with Erisa Laws?

Answer this question

Liked this question? Tell your friends about it

Facebook Windows Live Yahoo Twitter Digg Google del.icio.us Reddit

Link

Embed

Copy and paste the text above to share this Q&A

Answers

Lilskies Answered:

Dear Richard.

The following excerpt may help you to understand ERISA Law.

What is ERISA?

ERISA stands for the Employee Retirement Income Security Act of 1974. ERISA was enacted by Congress in 1974 to address corruption in pension plans. Although Congress did not intend ERISA to control medical or disability insurance plans when it enacted ERISA, the bill that was signed into law contained the phrase "employee welfare benefit plan." As the result of federal courts’ interpretations of that phrase, today ERISA controls almost every private employee benefit, including health, disability, life and pension plans. ERISA includes the federal statute, 29 U S C ß 1001, et seq., regulations, which appear in Chapter 29 of the Code of Federal Regulations, and decisional law of the Federal Courts.

When ERISA controls, most other claims are pre-empted. This means that no punitive damages are available, no matter how abhorrent the insurance company’s tactics have been and no matter how unfair the denial. The claimant usually can recover only the amount of past benefits due, interest, costs and, in many cases, his or her attorney fees. This provides little incentive for insurance companies to treat claimants fairly. To go one step further, ERISA provides insurance companies with total immunity from any adverse consequences for their unfair and deceptive practices. In our experience, insurers routinely deny meritorious claims, knowing that the vast majority of their insureds do not have the means to fight their insurance plans. No matter how egregious an insurance company's conduct, ERISA provides it with a virtual license to steal.

Posted 4 years ago

Add a comment

Helpful? (0)

Report

Be The First To Answer

Other people asked questions on various topics, and are still waiting for answer. Would be great if you can take a sec and answer them

Q: How to remove grease on outside of appliances?

Q: what countries is Charly available?

Q: how to clean canon pixma mx432 ribon?

Q: how much money is a 1966 like brand new dodge hemi 426worth?

Q: how long is Charly nyc exposition?

Q: Can I reheat the whole turkey?

Q: How do I get ahold of people that run Arkansas?

Q: what was your favorite toy when you were a kid?

Q: where can I get a college degree based on college credits and life work...

Q: how to install stair newels?

Subscribe to "Erisa laws"

Question Of The Day

Hot Topic

What do you think about Iran executes two men convicted of spying for Israel's Mossad and the American CIA?

Add Your Answer Read Answers (4)

Where is the laws stand in real court? Judges can abuse Humam Rights Why don't you define the word "Author" and "Lawyer to me? If you know what they mean, go find my marks on the Court of Ohio Appellant, Common Pleas and Municipal Courts. Or, go ask Ohio #woman #female#judge #Sadler J.; Judge Brown P.J.; French J from the Appellant Court, and Judge Jim Mason of ...
The Laws of Attraction? The Law of Attraction states that "likes attract likes." According to Rhonda Byrne, " the Supreme Being is the supplier of all things in the Universe and the Law of Attraction is distribution manager of those things. All you have to do is vibrate through your thought and feelings the things ...
If Repubs are such a 'law & order' party, why are so many Repub Nyla must not be an American. Anyone who has graduated Middle School Civics knows that States may rightfully invoke the Tenth Amendment: laws in conflict with the Constitution (like Obamacare) may not be enforced off federal property. States have the power to exempt any Federal statute, and that ...
Where to file a complaint against unfair legal practices in state of New Check with the New Jersey Bar Association.

Where is the laws stand in real court? Judges can abuse Humam Rights

Why don't you define the word "Author" and "Lawyer to me? If you know what they mean, go find my marks on the Court of Ohio Appellant, Common Pleas and Municipal Courts. Or, go ask Ohio #woman #female#judge #Sadler J.; Judge Brown P.J.; French J from the Appellant Court, and Judge Jim Mason of ...

The Laws of Attraction?

The Law of Attraction states that "likes attract likes." According to Rhonda Byrne, " the Supreme Being is the supplier of all things in the Universe and the Law of Attraction is distribution manager of those things. All you have to do is vibrate through your thought and feelings the things ...

If Repubs are such a 'law & order' party, why are so many Repub

Nyla must not be an American. Anyone who has graduated Middle School Civics knows that States may rightfully invoke the Tenth Amendment: laws in conflict with the Constitution (like Obamacare) may not be enforced off federal property. States have the power to exempt any Federal statute, and that ...