CUTTING EDGE INDUSTRY THOUGHT LEADERSHIP INSIGHTS

Synergy’s blog brings you the industry’s foremost thought leadership InSights on matters of healthcare lien resolution and Medicare Secondary Payer Compliance. Visit often to discover helpful InSights on important lien resolution compliance issues.

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Add the Administrative Services Agreement to your ERISA Document Request

Add the Administrative Services Agreement to your ERISA Document Request

An Administrative Services Agreement between a Plan Administrator and a Claims Administrator may fall within the purview of a document request under ERISA 29 U.S.C. § 1024(b)(4), with non-compliance subject to the penalty assessment authorized under ERISA 29 U.S.C. § 1132(c).   As Synergy has long advocated, one of the keys to properly defending against an asserted subrogation or reimbursement claim from an ERISA plan is making requests to the plan administrator.

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Breaking Down Florida’s New Proposed Bar Rule on Lien Resolution Outsourcing

Breaking Down Florida’s New Proposed Bar Rule on Lien Resolution Outsourcing

Recently there has been some confusion caused by the Florida Bar introducing subsection (E) to Rule 4-1.5(f)(4) and its application to non-lawyer lien resolution companies.  Subsection (E) was approved by the FL Bar Board of Governors at their meeting on May 31st and the rule now awaits adoption by the Florida Supreme Court.  The confusion, though not unexpected, is clearly resolved by a plain reading of the comment to this proposed amendment. 

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Synergy reduces self-funded ERISA plan by over 70% for a savings of $85,955.02

Synergy reduces self-funded ERISA plan by over 70% for a savings of $85,955.02

This case involved a Virginia plaintiff who was injured when a shower chair collapsed.  The plaintiff had a pre-existing hip injury which involved an implanted prosthetic.  Plaintiff’s counsel engaged Synergy Lien Resolution Service to assist in the resolution of the ERISA plan’s reimbursement claim.  Despite the unfavorable law in the 4th Circuit, which was recently bolstered by U.S. Airways v.McCutchen, within two (2) weeks Synergy was able  to obtain a 70.2% reduction for a savings of $85,955.02.

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A Response to the SEC Bulletin: The Truth about Factored Structured Settlements as an Investment Vehicle

A Response to the SEC Bulletin: The Truth about Factored Structured Settlements as an Investment Vehicle

On May 13, 2013 the US Securities and Exchange Commission, Office of Investor Education and Advocacy, issued an Investor Bulletin entitled, “Pension or Settlement Income Streams: What you need to know before buying or selling them.” It is the opinion of the authors that this bulletin is misleading and in some cases inaccurate concerning the sale of structured settlement payment streams and factored structured settlements as an investment vehicle.

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