Employee Retirement Income Security Act of 1974 (ERISA)

Plan compliance should be simple. Sana is here to help with that!

The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards to protect private retirement and health plans from mismanagement and abuse.

ERISA sets standards for transparency and accountability, ensuring that participants have access to important information about their plans. ERISA guidelines are the foundation for administering your Sana health plan.

Sana ensures your compliance with ERISA by providing the following:

  • Plan Document: The terms and conditions of plan administration, including procedures for amending and terminating the plan, the source of plan contributions, and the allocation of responsibilities for the operation of the plan between the employer and the insurance carrier or third-party administrator
  • Summary Plan Description (SPD): A document that details what the plan provides and how it operates using plain language
  • Summary of Benefits and Coverage (SBC): A uniform template that summarizes key features of the plan in plain language, including covered benefits, cost-sharing provisions, and coverage limitations

Have questions or feedback? Our Admin Resource Center is available 24/7. You can also reach our Customer Success Support Team at admins@sanabenefits.com or (940) 340-4488 Monday through Friday during normal business hours. If you have a dedicated Customer Success Manager, feel free to reach out to them directly.