What else should I know about ERISA?

When learning about ERISA, you may read about fully-insured ERISA groups and self-funded ERISA groups.

A fully-insured group purchases insurance through a company like Blue Cross Blue Shield of Michigan and Blue Care Network.

A self-funded group, as the name suggests, funds its own insurance plan and pays for employee health care.

There are important differences between these two groups in liability and which laws apply. It’s best to get legal advice.