Question by jerrywayne99@rocketmail.com | Posted in Insurance
Answer: ERISA stands for the Employee Retirement Income Secrutiy Act. This federal legislation was enacted, under public law 93-406, 88 stat. 829, on September 2nd, 1974. It's intent was quite simple. At that time there were a record number of employee trust funds and pension funds that were routinely raided by their managers whenever liquid funds, or money, was needed. Many times this money was used for things that ended up causing the money to be lost. Usually because of one bad investment or another. Sometimes because of outright extortion and fraud. ERISA put the brakes on this activity by making employers, and other money managers like the the health and welfare trusts of unions, responsible
If FMLA Is A Federal Law, Then Why Are Insurance Agencies Involved?
Question by richards150 | Posted in Insurance
If FMLA is a federal law, then why do employees have to go through an insurance company to be approved to the time and whatnot? Do the employers get compensated when an employee uses FMLA time? Can anybody explain this?
Answer: Insurance agencies AREN'T involved.
FMLA just says, employees can take off 12 weeks, unpaid, without losing their job. It's NOTHING about insurance. Insurance companies don't approve time off.
Neither the employer nor the employee gets paid by someone, when the employee takes 12 weeks off.
Since Much Of The Ideas In Federal Health Insurance Law Comes From Mitt Romney's Massachusetts Reform -?
Question by Benn Glek | Posted in Politics
Does that bode well for him if he is the presumptive republican candidate to go up against Obama in 2012? Will it make conservatives heads explode if they have to choose between Obamacare vs Romneycare?
Answer: Not as big a dilemma as you are making it out to be. Romney's plan is a _state_ plan, whereas Obamacare is a federal one. Most conservatives seem to be okay with state management of many things, including health care.
What Disclosure Federal Law(s) Require Insurance Firms To Disclose A Client's Records By Court Subpoena?
Question by frankielee | Posted in Insurance
My insurance company issued me a privacy policy. But it also says "...on rare occassions, we may be required to share this information; ... If ordered by summons, court order, search warrant..."
Answer: HIPAA requires your insurer to give you a notice of your privacy rights and tell you that your records might become subject to disclosure through a court order, etc. your state's general laws would determine when your records could be subpoenaed or otherwise disclosed. the state insurance department, for example, generally can ask your insurer for any records it has on you and the insurer must respond.
don't forget the federal anti-terrorism laws. if the gov't thinks you are an "evil doer", it can send your insurer a letter demanding your records, without a court order, and your insurer must give them and can't tell you the gov't asked for them.
Federal Law Required All Citizen To Have Health Insurance?
Question by De Commoner | Posted in Law & Ethics
Is that legal? Doesn't it conflict with the Constitution.. What if I were so poor that I barely survive just buying food or better yet if I were homeless. What are they going to do take me to jail if I can't pay for the health insurance and/or fine?
Answer: Yes, if you can't pay for the health insurance/fine you will go to jail. It's being monitored by the IRS.
If you are so poor you can barely survive or your are homeless, you will be covered by Medicaid. Its us middle class folks that are getting screwed.
Is it constitutional? That question will be answered by the courts within the next 18 months or so, several states have filed lawsuits asking exactly that question.
Professional Liability Insurance for Federal Law Enforcement Officers.wmv
This course is designed to explain what FEDS professional liability insurance policy provides and how it protects federal law enforcement officers ...
Health Insurers Seeking Rate Hikes Of More Than 20 Percent In ...
by admin
Both issues -- the new federal health care reform and rising medical costs --. are very significant drivers of the increases, according to filings by insurers. laws as reasons. percent in Connecticut, citing rising medical costs and federal health-reform. Health Insurers Seeking Rate Hikes Of More Than 20 Percent In Connecticut,. COMTEX) -- Health insurers are asking for immediate rate hikes of more than 20. Citing Medical Costs, Federal Reform. increase of 18 percent for all of Aetna's small-group plans and 14....
The lengthy federal rule says that government agencies "plan to initiate a rulemaking to require issuers to offer insurance without contraception coverage to such a [faith-based] employer and simultaneously offer contraceptive coverage directly to
News outlets offer updates regarding state progress related to developing the health law's insurance exchanges, the timing for risk adjustment rules and the release of the final federal rule on the health insurance premium tax credit.
Acting as receiver for Citizens National Bank and Strategic Capital Bank, the Federal Deposit Insurance Corp sued a number of banks including Bank of America Corp , Citigroup Inc , Deutsche Bank AG and JPMorgan Chase & Co .
Schumer noted that federal law requires property owners to purchase flood insurance for buildings within a designated Special Flood Hazard Area, but does not mandate the level of insurance coverage. The US Department of Housing and Urban Development
Money and morality are the twin reasons Ave Maria University will no longer offer group health insurance plans to students as of Aug. 15. University President Jim Towey said Monday that students and parents can thank the federal Patient Protection and
The lengthy federal rule says that government agencies "plan to initiate a rulemaking to require issuers to offer 
Acting as receiver for Citizens National Bank and Strategic Capital Bank, the Federal Deposit Insurance Corp sued a number of banks including Bank of America Corp , Citigroup Inc , Deutsche Bank AG and JPMorgan Chase & Co .
Money and morality are the twin reasons Ave Maria University will no longer offer group health insurance plans to students as of Aug. 15. University President Jim Towey said Monday that students and parents can thank the federal Patient Protection and