Overview -- Group Legal Plans
There are two general kinds of group legal plans - insured and access. Insured plans involve some sort of payment today for legal services to be rendered sometime in the future. Insured plans are highly regulated usually by the insurance commissioner in the state(s) where the plan operates. In addition, insured plans must post substantial cash reserves to ensure that they can deliver on the future services they have promised to provide.
Access plans operated very differently. Instead of paying today for future services in an access plan you pay for services when rendered. The access plan negotiates with legal service providers so as to offer plan members lower legal fees than generally available to the public at large.
There are four participants in any legal plan - the Plan Administrator , responsible for the day-to-day operations of the plan; the Participating Attorneys, responsible for the actual legal services provided by the plan; the Plan Solicitors, responsible to sell the plan; and the Plan Members, the client, or end-user who receives the legal services provided by the plan.
Legacy Legal Program is an access plan.
Access plans operated very differently. Instead of paying today for future services in an access plan you pay for services when rendered. The access plan negotiates with legal service providers so as to offer plan members lower legal fees than generally available to the public at large.
There are four participants in any legal plan - the Plan Administrator , responsible for the day-to-day operations of the plan; the Participating Attorneys, responsible for the actual legal services provided by the plan; the Plan Solicitors, responsible to sell the plan; and the Plan Members, the client, or end-user who receives the legal services provided by the plan.
Legacy Legal Program is an access plan.