EARLY IDENTIFICATION, INTERVENTION AND STRONG PLAN LANGUAGE HAVE NEVER BEEN MORE IMPORTANT!!!
In the last hour, The Supreme Court of the United States issued an 8-1 decision in favor of the plan participant in the case of Montanile v. Board of Trustee of the National Elevator Industry Health Benefit Plan (Click to read the decision). In the latest case regarding subrogation to reach The Highest Court in the Land, The Court ruled that the Plan could not recover from Montanile after he received a third party settlement and spent the money. Make no mistake, third party recovery just got much more difficult. If benefit plans don’t have air tight language, and proactively intervene before a plan participant spends settlement proceeds, the Plan is out of luck! The Phia Group is here to help!
More Details to Follow!
Contact Us at PGCreferral@phiagroup.com to learn more about what you can do to protect your Plans’ Assets!
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