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Top 10 ERISA Mistakes:
Common Employer Errors with Self-Insured Health Plans

A timely and important CD for business executives.

  • In 2001 nearly 7,000 companies were stiffed out of $54 million in medical bills ö by one company.
  • In Florida seven unlicensed health plans were shut down in 2001-2002 alone.
  • May 2003: FL Office of Insurance Regulation ordered 3 insurance companies to stop selling unlicensed and ERISA health plans. And quite a few insurance agents were named.

Many executives in the US are purchasing so called "ERISA" self-insured health plans, unwittingly placing the company and its employees in financial risk. The reasons executives take these risks? Rising health insurance premiums, efforts to avoid state taxes, and a genuine desire to help their employees. But all too often these health plans are illegal and simply take company premiums while leaving claims unpaid. This is a speech to help protect those who purchase these plans for their employees.

This CD brings to life true stories of "ERISA health plans" gone bad. What works? What doesnât? And what executives must avoid. The CD explores hands-on specifics and the responsibilities faced by companies purchasing self-insured health plans and the agents and brokers who sell them. The "Top 10 ERISA Mistakes" CD illustrates how companies can best protect their employees, their assets, and the executives making the decisions.

Topics include:

  • How executives can protect themselves.
  • Whatâs a self-insured health plan & whatâs not!
  •  Challenges agents/brokers face.
  • Who regulates insurance health plans?
  • And··.The Top 10 ERISA Mistakes just about every one makes!

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