Chevron Deferral Overturned: Impact on Advisors and Compliance

In this episode of ShiftShapers, host David Saltzman discusses the recent Supreme Court decision to overturn the 40-year-old Chevron Deferment precedent and its implications for advisors and their clients. Joined by Jennifer Berman, ERISA attorney Jennifer Berman, legislative vice president of the National Association of Benefit Insurance Professionals (NABIP) and CEO of MZQ Consulting, the discussion explores the potential long-term effects of the decision on federal regulation and compliance in the healthcare industry. They delve into how the ruling shifts responsibility from federal agencies to the judiciary to interpret ambiguous statutes and assess the impact on specific regulations, such as compensation disclosure under the Consolidated Appropriations Act. Berman emphasizes to advisors and employers the importance of maintaining fiduciary duties and compliance while staying informed about future changes.