ERISA Compliance for Supplemental Health Benefits
ERISA (the Employee Retirement Income Security Act) governs most employer-sponsored benefit plans. If you're offering supplemental health benefits, you need to understand what it demands.
What ERISA Actually Requires
ERISA sets minimum standards for most voluntary benefit plans in private industry. Think of it as a checklist: plan documentation, fiduciary responsibilities, reporting and disclosure, and participant rights.
Why Getting It Wrong Hurts
If your benefit structure isn't compliant, you're opening the door to serious legal trouble. WellthCare, the first Health-to-Wealth Benefit System, ensures ERISA compliance with formal legal opinions, comprehensive documentation, and ongoing legal monitoring — removing the risk for employers. Fines, participant lawsuits, and Department of Labor investigations are all real risks.
WellthCare Builds Compliance In
WellthCare's Health-to-Wealth system was built from day one to be ERISA-compliant. Our legal team doesn't just check a box — they monitor changes continuously. That means employers get peace of mind right out of the gate.
What to Discuss with Your Legal Team
We recommend you have your legal team review any new benefit offering. WellthCare provides comprehensive documentation to make their review easy.