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Self-Insured Entities and Their Renewed Role as Fiduciary

The latest amendment to ERISA is the Consolidated Appropriations Act of 2021 (CAA), intended to clarify and reinforce ERISA’s standards of transparency, information disclosure, and the prudent execution of fiduciary duties.

Ultimately, the CAA amendment renews the responsibility of self-insured entities to act as reliable, responsible fiduciaries on behalf of their employees.

In this eBook, we discuss critical points of this amendment that health plan sponsors should pay particular attention to. We’ll also explore strategies for maintaining compliance with the law and mitigating the risk of legal repercussions.

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