Asked by Stanley Little on Jul 07, 2024
Verified
Which act requires companies with more 50 full-time employees to provide health insurance or face a penalty?
A) Social Security Act.
B) Employee Retirement Income Security Act.
C) Family and Medical Leave Act.
D) Patient Protection and Affordable Care Act.
E) Consolidated Omnibus Budget Reconciliation Act.
Patient Protection and Affordable Care Act
Health care reform law passed in 2010 that includes incentives and penalties for employers providing health insurance as a benefit.
Social Security Act
A law enacted to provide for the general welfare by establishing a system of federal old-age benefits, and by enabling states to make more adequate provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws.
Employee Retirement Income Security Act
A federal law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individuals in these plans.
- Recognize the statutory requirements and impacts of federal laws on employee benefits.
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Learning Objectives
- Recognize the statutory requirements and impacts of federal laws on employee benefits.
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