An employer provides their employees with an employee welfare benefit plan called a group health plan. The employer or the employee organization (union) maintains the plan, offering medical care for employees and their families. This can happen directly or through reimbursement or insurance.
A Look At The Employee Retirement Income Security Act
The Employee Retirement Income Security Act covers the majority of private-sector health plans. The purpose behind the Act is to ensure participants and their beneficiaries in the employee benefit plans are protected and have access to the plan information. The entities responsible for managing these plans must abide by a certain set of conduct standards noted by law.