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News You Can Use: Special Edition with Phia Part 4 of 6
Limited Six Part Series: Straight Talk, Better Benefits with The Phia Group Join Dr. Nick and Adam Russo, CEO of The Phia Group for Part 4: The Ticking Time Bomb in Your Health Plan Fiduciary duty means acting in the plan’s best interest, but many employers don’t realize their company and their health plan are legally separate entities. Responsibility for claims rests with designated plan fiduciaries, not executives, brokers, or TPAs, a fact that often catches plan sponsors off guard. There are conflicting incentives among brokers, TPAs, and stop-loss carriers. This means no one is…
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