What plans are exempt from ERISA?
Employee benefit plans maintained by governmental employers are exempt from ERISA’s requirements. This exemption includes plans maintained by the federal, state or local (for example, a city, county or township) governments. Church plans are also exempt from ERISA.
Will my parents insurance cover prenatal?
Medicaid covers prenatal and delivery services in all states. You may be able to qualify forMedicaid on your own. Your parent’s plan, regardless of the source, is generally not required to cover your child as a dependent. You will need to obtain coverage for your baby.
Which of the following might be done to protect against adverse selection?
Insurance companies have three options for protecting against adverse selection, including accurately identifying risk factors, having a system for verifying information, and placing caps on coverage.
Which of the following is considered a qualifying event under Cobra?
The following are qualifying events: the death of the covered employee; a covered employee’s termination of employment or reduction of the hours of employment; the covered employee becoming entitled to Medicare; divorce or legal separation from the covered employee; or a dependent child ceasing to be a dependent under …
Who enforces ERISA?
ERISA is administered and enforced by three bodies: the Labor Department’s Employee Benefits Security Administration, the Treasury Department’s Internal Revenue Service, and the Pension Benefit Guaranty Corporation.
How much does the average pregnancy cost with insurance?
A study published earlier this year in the journal Health Affairs found that for women with employer-based insurance, the average out-of-pocket cost of a vaginal birth increased from $2,910 in 2008 to $4,314 in 2015, with the cost of a C-section going from $3,364 to $5,161 during that same time period.
What type of group plan requires 75 participation?
What type of group plan requires 75% participation? With a contributory plan, the group members share the cost of the coverage with the employer, and must have at least 75% participation.
How this problem of adverse selection can be overcome?
An alternative method for dealing with adverse selection is to group individuals through indirect information, such as statistical discrimination. Insurance companies can’t get individuals to admit whether they’re good or bad drivers, so the companies develop statistical profiles of good and bad drivers.
Can I get COBRA for 36 months?
Q11: How long does COBRA coverage last? COBRA requires that continuation coverage extend from the date of the qualifying event for a limited period of 18 or 36 months.