A new proposed rule seeks to give disability insuranceparticipants more rights when appealing claims denials – but thatmay not be a good thing.
Some industry stakeholders have voiced concern that theDepartment of Labor’s Disability Claims Rules, which would changethe way disability benefits claims are adjudicated, would be tooonerous for plan administrators and ultimately make the productmore expensive. This could discourage employers from offeringdisability insurance to its workforce altogether.
First proposed in November 2015, the rule is currently beingfinalized. It would take effect 60 days after being finalized.
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