FINEOS to support new ERISA Standards
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The new modifications set by the Employee Retirement Income Security Act (ERISA) will affect the way disability claims are reviewed, decided and appealed. FINEOS Claims supports ERISA by using preconfigured processes that flag important thresholds before they are breached.
According to
ERISA sets minimum standards for most employee benefit plans and voluntarily-established pension programs. The federal law was enacted to protect benefit plan participants and beneficiaries by requiring plans to provide important, timely disclosures and information.
FINEOS Claims is maintained in accordance with local regulations including, amongst others, the General Data Protection Regulation (EU) and the FSC Life Insurance Code of Practice (
The FINEOS flagship product, FINEOS AdminSuite, is a cloud based core product suite for Life, Accident and Health insurance. FINEOS AdminSuite delivers full service policy, billing, claims and absence management, providing best-in-class functionality for group, voluntary, and individual administration on a single platform, while also supporting self-admin, full-admin and TPA models.
FINEOS delivers innovative core systems to a global market and has customers, employees, and established bases in
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