Those employers who provide medical plans for employees owe certain legal duties under Colorado law to those they cover. They must disclose important information about the health plans, and employees are entitled to a fair process in the treatment of their claims under the plan. Colorado's laws specifically govern the manner in which employers implement health plans and retirement pension payments. Recipients of such benefit plans can file claims using these laws.
Also, employers in Sterling are required to perform on any benefits that may have been promised to the employee in a contract when work began. Second, employers bear the risk of any investments that are made on behalf of an employee according to a matched contribution plan.
What Employee Benefits are Protected by Colorado law?
Employers owe certain legal duties to the employees in providing them with medical plans. Under Colorado law, employers must disclose health plan information, and the employee is entitled to equal treatment in the processing of any claims under the medical plan. For employees who lost their jobs, there are some laws that allow them to continue the health care plan they had with their previous employer while they actively look for a new job.
Employers in Sterling also owe legal duties to employees who receive pension plans. First, the employer is bound by law to provide the benefits that were guaranteed in the payment plan. Secondly, under a matched contribution plan, the employer must bear the risk of any investments that are made on behalf of employees.
How can a Sterling, Colorado Pension and Benefits Attorney Help?
Sterling, Colorado lawyers can assist an employer in creating a pension plan that complies with applicable laws. Attorneys also often help employees when difficulties arise with obtaining the benefits under a plan.