As an insurance agent or any professional working in the industry, it’s important to keep up with the local, state and federal laws. Insurance brokers and agents may find that this is the most difficult part of their job. Trying to stay current with health care reform is a job all in itself considering that the policies often change. These changes usually cause quite a commotion with their impact they make on health plans and the Affordable Care Act.
The Employee Retirement Income Security Act (ERISA) of 1974 is a federal law that all insurance professionals are familiar with. This law sets the minimum standards for nearly all voluntary pension and health plans in the private sector. It helps provide protection to all individuals under these plans. As a requirement of ERISA, anyone with these plans is to receive any and all information regarding relevant news.
If you aren’t involved in the insurance industry but would like to learn more about ERISA and other laws in relation to health insurance and other benefit plans, contact a professional insurance broker. They are constantly kept up-to-date with the changes made to the laws regarding health insurance and should be capable of helping you to understand what it is you’d like to know.
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