What damages can be recovered in an ERISA lawsuit?

The complex landscape of Employee Retirement Income Security Act (ERISA) lawsuits can be daunting for many. This federal law, enacted in 1974, sets standards for pension and health plans offered by private employers—primarily to protect the interests of employees and their beneficiaries. However, when these benefits are wrongfully denied or terminated, individuals may need to resort to legal action.

Understanding the potential damages that can be recovered in an ERISA lawsuit is crucial. Let’s delve into this topic and shed light on the types of damages you may be entitled to, along with a few tips and insights for navigating the complexities of ERISA litigation.

Types of Damages in an ERISA Lawsuit

In an ERISA lawsuit, the types of damages sought depend largely on the specific circumstances of each case. The primary categories include:

1. Medical Bills: If benefits are wrongfully denied or terminated, recovery of the cost of medical bills incurred as a result becomes a possibility. The court awarded long-term disability benefits that were initially denied despite the absence of objective evidence of functional impairment.
2. Lost Wages: When an individual is unable to work due to a disability, and their long-term disability benefits are wrongfully denied or terminated, they may be entitled to recover lost wages. This includes both past and future lost earnings.
3. Pension Benefits: Wrongful denial or miscalculation of retirement or pension benefits could lead to the recovery of the amount the individual was entitled to receive. This can include both past and future pension benefits. 

Equitable Versus Legal Remedies

ERISA provides both equitable and legal remedies. Equitable remedies aim at restoring the individual to the position they would have been in if the wrongful denial or termination had not happened. This could include reinstatement of benefits, payment of past-due benefits, and correction of plan errors.

On the other hand, legal remedies involve seeking monetary damages for harm caused by the wrongful denial or termination. These can include the recovery of medical bills, lost wages, and pension benefits. The choice between equitable and legal remedies depends on the specific circumstances of each case and the goal of the plaintiff.

Insights and Tips for Navigating ERISA Lawsuits

Navigating ERISA lawsuits can be complex. Here are a few insights and tips to bear in mind:

1. Consult with an experienced ERISA attorney: The complexities of ERISA litigation necessitate the need for an attorney who has experience in this area of law. This can greatly increase the chances of a successful outcome.
2. Document all relevant information: Keeping detailed records of all communications, medical records, and other relevant documents related to the denial or termination of benefits is crucial in building a strong case.
3. Be aware of deadlines: ERISA has strict deadlines for filing claims and appeals. Prompt action is necessary to protect your rights.
4. Consider the potential for class actions: In some cases, pursuing a class action lawsuit may be more effective in achieving a favorable outcome, especially when a group of individuals has been similarly affected by the wrongful denial or termination of benefits.

Contact Us for Help

An ERISA lawsuit offers individuals the opportunity to recover various types of damages, including medical bills, lost wages, and pension benefits. Understanding the different types of damages and the distinction between equitable and legal remedies is crucial in navigating the complexities of ERISA litigation. By following these insights and tips, individuals can better navigate their journey through an ERISA lawsuit. Bartolic Law is here to help you with all your ERISA litigation needs, so don’t hesitate to contact us today for a consultation.