What is ERISA, and What are My Benefits Under It?

Businessman_MazeMany workers hear they are covered by ERISA, but have no idea what it stands for or what it means. The professionals at Taylor, Warren, and Weidner understand this, so from time to time we will provide short, informational blogs that help the layperson understand some of the benefit jargon he or she may hear.

ERISA, short for Employee Retirement Income Security Act of 1974, is a comprehensive Federal statute that governs many claims related to employee benefits. ERISA, can in certain instances, prevent employees from receiving their full insurance benefits, if their insurance is provided by their employer as a benefit. One of the most important benefits under ERISA is long-term disability (LTD), which provides an income to you should you become sick or unable to work. Many times insurance companies and ERISA administrators wrongfully deny benefits to workers who are legitimately disabled.

Why does ERISA exist?

Congress enacted ERISA to protect the “interest of participants in employee benefit plans . . . by establishing standards of conduct, responsibility, and obligation for fiduciaries of employee benefit plans, and by providing for appropriate remedies, sanctions, and ready access to Federal court…” 29 U.S.C. § 1001(b).

How can I fight a denial under ERISA?

ERISA is a complicated area of law that draws upon both trust and contract principals, and people seeking LTD benefits need a highly skilled team that specializes in ERISA claims. At Taylor, Warren, and Weidner, we draw on our years of experience and vast knowledge of ERISA procedures and have successfully litigated hundreds of ERISA claims.

Getting Legal Help

Taylor, Warren, and Weidner is committed to giving individuals dealing with injuries, or facing life-threatening or lifestyle-challenging situations, a voice. Call us today at 866-483-4899 or email us at kweidner@twwlawfirm.com to receive the personal professional attention you deserve.