Author Question: What policy issues must employers address when developing benefit plans? What federal laws influence ... (Read 155 times)

Charlie · **on:** Jul 7, 2018

What policy issues must employers address when developing benefit plans? What federal laws influence employers' pension and health plans?

Indicate whether this statement is true or false.

Question 2

Disability insurance provides income protection for salary loss due to illness or accident.

Indicate whether this statement is true or false.

cegalasso · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Answer: In developing benefit plans, employers must address numerous policy issues including 1) what benefits to offer; 2) who receives coverage; 3) whether to include retirees in the plan; 4) whether to deny benefits to employees during the initial probationary periods; 5) how to finance benefits; 6) the degree of employee choice in determining benefits; 7) cost-containment procedures; and

how to communicate benefits options to employees. COBRA, ERISA, FMLA, HIPAA, and the ADA have significant impacts on employers' pension and health plans.

Answer to Question 2

Answer: TRUE