ERIC Comments on DOL’s Disability Claims Rule Delay

For Immediate Release

Washington, DC – The following statement should be attributed to James Gelfand, Senior Vice President for Health Policy, The ERISA Industry Committee (ERIC), the only national association that advocates exclusively for large employers on health, retirement, and compensation public policies at the federal, state, and local levels:

“The ERISA Industry Committee (ERIC) is pleased the Department of Labor (DOL) is proposing a 90-day delay of the costly and burdensome midnight regulation on disability benefit claims review.

Modeled on an onerous Affordable Care Act regulation governing health insurance claims, this regulation is unnecessary and will increase costs for workers, employers, and taxpayers. The delay will allow plan sponsors and benefit providers to gather the data necessary to help inform DOL so the agency can formulate a more reasonable and affordable approach to disability claims reviews.

Excessive and burdensome regulations force plan sponsors to refocus valuable time, money, and resources that would be better spent on plan beneficiaries. When government regulation increases the cost of benefits, workers are inevitably the hardest hit.”

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All media inquiries to The ERISA Industry Committee should be directed to:

Kelly Broadway, 202.627.1918, kbroadway@eric.org

About the ERISA Industry Committee
ERIC helps America’s largest employers stay ahead of employee benefit policy. ERIC member companies are leaders in every sector of the economy, and we represent them in their capacity as sponsors of employee benefit plans for their own workforce. Only ERIC provides the combination of intel, expertise, collaboration, and lobbying that exclusively serves the interests of large employers who provide health, retirement, and compensation benefits to their nationwide workforce.