Are Your ‘Voluntary Benefits’ Really Exempt From ERISA? It’s Worth Checking

In recent years, employers have increasingly allowed insurance companies to offer certain types of insurance (such as accident, specified disease, or critical illness insurance) for purchase by their employees at the employee’s expense without contribution from the employer. These benefits are commonly referred to as voluntary benefits, and they have been the subject of recent litigation over whether they are exempt from governance by the Employee Retirement Income Security Act of 1974, as... By: Troutman Pepper Locke