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SHOULD WE GET THE PLAN ADMINISTRATOR’S
PRE-APPROVAL?
Some plan administrators offer review and pre-approval of unsigned benefit transfer orders because it gives them an opportunity to request modifications which protect them and/or alleviate their liability. However, it is important to note that they can reduce your benefits to cover their costs for reviewing the orders and when you give them an advance "say" in the process, it often results in them taking liberties to request changes which are not required by law and are rarely in the client's best interest. In fact, under federal law, if they were to receive a court certified copy of the same benefit transfer order already signed by a judge, the plan administrator would have an obligation to begin the process of administering the transfer in 80% of the cases.
Click here to learn more or to start the process.
