What is an ERISA plan and how can a lawyer help? The Employee Retirement Income Security Act is intended to protect your rights to benefits as an employee. These benefits are offered through pension plans, retirement plans, life insurance, health insurance, disability insurance and other types of benefits programs sponsored by employers. Employers are obligated to provide certain benefits to employees, and most of those responsibilities are outsourced to insurance companies. ERISA provides regulation for these fiduciary responsibilities, ensuring that employees like you get the benefits to which you are entitled. If such benefits are not provided, ERISA lawyers may be able to help you determine whether you should file a lawsuit.
Cases Not Covered by ERISA
When it comes to understanding ERISA’s regulations, remember that multiple situations are not covered. Most employee-sponsored benefits and insurance policies are not covered under ERISA rules. Voluntary insurance, or benefits issued by employers on a voluntary basis, are not regulated by ERISA. Individual insurance that you purchase and business owner insurance also fall outside of ERISA’s jurisdiction. Government sector insurance, or policies and benefits that also include public sector elements are covered by local, state and federal government. Insurance provided by religious organizations operates under standards separate from ERISA. In each of these cases, circumstances prevent ERISA from applying to the benefits you may receive. If you are concerned about whether one or more of your employee benefits or insurance plans is not protected by ERISA, our ERISA lawyers may be able to help you. There are steps you can take to increase your chances of a successful lawsuit. ERISA lawyers may also be able to help provide representation when dealing with your employer’s insurance company. For this reason, it is important to know your rights and to know which laws are available to protect them.