Group Insurance and Welfare Law - HRM 425: Benefits, Safety, and Health

If employers had it their way they would have employees working for them with as little as possible. Thankfully it is more of the unethical employers that would do this only fierce those organizations that are well-rounded in ethics can point a little of their bad side when it comes to benefits and money contributions. This is then laws and regulations were implemented into companies by the states and federal government so that those that fixation to withhold what is due to the employee; could not do so without a fare fight from the employee, which has caused many organizations to cease in these criminal doings. There are many laws that come into effect to string up to individuals and their rights. unmatchable of those laws is the Employee Retirement Income Security Act (ERISA). This law was conventional in 1974, and sets minimum standards for most voluntarily established support and health plans in private industry to provide protective covering for individuals in these plans. (U.S. Department of Labor) ERISA also covers multiple employer welfare arrangements (MEWA). MEWA promotes ways for trade health and benefits to employers for the individuals working for them. In short, ERISAS main finding was to protect those who had worked long periods of time beneath pension off plans. The meet of ERISA on employers was brought forth to address fraud and mismanagement of employer pension plans. not only does ERISA keep organizations honest in this facial gesture but they also apply to employees other benefit plans. Employers under ERISAS pre-emption laws must finance employee health coverage by purchase group policy from HMOs, Blue Cross, and Blue hold plans, or other insurance carriers or self-insuring by gainful for employee health care out of the organizations own expenses. (Butler P.) With prices going up employers are having a hard time finding insurance companies... If you necessity t o get a full essay, order it on our website:! OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay