Updates

TPAs, Plan Fiduciaries Should React Proactively to U.S. Department of Labor Settlement

TPAs, Plan Fiduciaries Should React Proactively to U.S. Department of Labor Settlement

In light of the recent settlement between the U.S. Department of Labor (DOL) and a health plan third-party administrator (TPA), plan fiduciaries and TPAs should re-examine, or even re-negotiate, portions of their current TPA service agreements to avoid potentially significant legal and financial ramifications.