Benefits Magazine: September/October 2024

Articles Include:

• Prescription for a Lawsuit: Fiduciary Duties and Health Plan Fees
• The AI Revolution Is Coming: Will You Be Ready?
• Navigating the Challenges of Dependent Coverage for Multiemployer Plans
• Adverse Benefit Determinations: The Process and the Pitfalls
• Know the Rules: An Actuary’s Take on Complying With the Special Financial Assistance Program
• Quick Look
• Legal & Legislative Reporter

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  Prescription for a Lawsuit: Fiduciary Duties and Health Plan Fees

  Benjamin J. Conley and Nancy R. Chawla

  A surge in class action excessive fee lawsuits against health plan fiduciaries may be one unintended consequence of improved health care price transparency. The authors review the details of the first of such lawsuits and suggest considerations for fiduciaries to prepare for potential litigation.