One true statement about the Employee Retirement Income Security Act of 1974 (ERISA) is that:
A) ERISA applies to all issuers of health insurance products, such as HMOs
B) pension plans and employee welfare plans are exempt from any regulation under ERISA
C) ERISA requires self-funded plans to comply with all state mandates affecting health insurance companies and health plans
D) the terms of ERISA generally take precedence over any state laws that regulate employee welfare benefit plans

Question

Quizplus · Accepted Answer

ERISA preempts any state laws that regulate employee welfare benefit plans. However, state insurance laws may still apply to insurance companies providing coverage under these plans. ERISA applies to both pension plans and employee welfare plans, and self-funded plans must comply with ERISA requirements instead of state mandates. ERISA does not apply to all issuers of health insurance products, only to those that provide coverage as part of an employee welfare benefit plan.

One True Statement About the Employee Retirement Income Security Act