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Department of Labor reaches settlement with New York insurer, 3rd-party health plan administrator to end ‘cross-plan offsetting’ practice

News Employment & labor English Sanctions & Fines
Date: 5th Oct, 2023 Source: US Department of Labor Country: USA Original Source

Brief

Summary:

The U.S. Department of Labor has entered into a settlement agreement with EmblemHealth Inc., a New York-based insurer, regarding claims that the company breached its fiduciary duties under federal law by engaging in "cross-plan offsetting"". EmblemHealth used this practice to recoup alleged overpayments made to healthcare providers

NEW YORK – The U.S. Department of Labor has entered into a settlement agreement with EmblemHealth Inc., a New York-based insurer and third-party administrator of employment-based group health plans governed by the Employee Retirement Income Security Act, resolving claims that Emblem breached its fiduciary duties under federal law by engaging in a practice known as “cross-plan

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NEW YORK – The U.S. Department of Labor has entered into a settlement agreement with EmblemHealth Inc., a New York-based insurer and third-party administrator of employment-based group health plans governed by the Employee Retirement Income Security Act, resolving claims that Emblem breached its fiduciary duties under federal law by engaging in a practice known as “cross-plan

This content is restricted.

US Department of Labor

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