Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - That a fiduciary's primary duty under ERISA is to act solely in the interest of plan participants and beneficiaries. - Key details about the Summary Plan Description (SPD), including that it must be provided automatically to new participants within 90 days of coverage. - The distinction between fully insured and self-insured plans regarding ERISA's preemption of state insurance laws. - The required timelines for deciding claim appeals, such as within 72 hours for urgent care claims. - That ERISA establishes a formal grievance and appeals process that must be exhausted before legal action can be taken in federal court.