Asked by Madison Martinez on Jul 11, 2024
Verified
What does a summary plan description describe?
A) the details of a company's health insurance coverage
B) a pension plan's funding, eligibility requirements, and risks
C) the amount of Social Security benefits employees are allotted
D) the type and duration of disability insurance
E) a set of communications, activities, and facilities designed to change health-related behaviors to reduce health risks
Summary Plan Description
A document provided by employers that outlines the benefits, rights, and obligations under employee benefit plans.
Social Security Benefits
Government-funded financial benefits provided to retired workers, disabled individuals, and their families, aiming to support financial stability.
Health Insurance Coverage
A form of insurance that covers the whole or part of the risk of a person incurring medical expenses.
- Master the legal considerations and compliance responsibilities involved in the provision of benefits, including retirement plans and health insurance.
Verified Answer
NK
nyaboga kiageJul 14, 2024
Final Answer :
B
Explanation :
A summary plan description describes a pension plan's funding, eligibility requirements, and risks.
Learning Objectives
- Master the legal considerations and compliance responsibilities involved in the provision of benefits, including retirement plans and health insurance.