Which act mandated reporting and disclosure requirements for group life and health plans (including managed care plans), permitted large employers to self-insure employee health care benefits, and exempted large employers from taxes on health insurance premiums?
A) Employee Retirement Income Security Act of 1974
B) Health Maintenance Organization Assistance Act of 1973
C) Omnibus Budget Reconciliation Act of 1981
D) Tax Equity and Fiscal Responsibility Act of 1982

Question

Quizplus · Accepted Answer

The Employee Retirement Income Security Act of 1974 (ERISA) set standards for reporting and disclosure for group life and health plans, allowed large employers to self-insure, and exempted them from certain taxes on health insurance premiums.

Which Act Mandated Reporting and Disclosure Requirements for Group Life