What is a summary plan description?

Plan administrators covered by the Employee Retirement Income Security Act (ERISA) are obliged to provide plan holders and their beneficiaries a summary plan description (SPD).

The SPD is a vital document that provides plan participants all the information they need regarding their policy. In the SPD, participants are informed about how their plan operates and the benefits that will be provided to them. Plan amendments and other changes can also be seen in SPD. Calculation of benefits and services, and how benefits are released should be included in the SPD. Plan holders may request an SPD in writing from their administrators for free.

ERISA was created to protect the rights of policyholders and their beneficiaries from wrongfully being denied their benefits. If you believe that you have an ERISA claim in Indiana, The Hankey Law Office attorneys may represent you. Call us today at 800-520-3633 to find out how we may work for you.