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The penalties for not effectively executing on one's fiduciary duties are steep.
The issue: Does a plan participant have a duty to repay the plan after settling with a third party over an injury claim?
Self-funded benefit plan sponsors and insurers must grapple with an important question: who pays for all this unexpected health care?
Subrogation and reimbursement are methods utilized by benefit plans to recover money spent on behalf of a plan beneficiary.