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