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Employee Retirement Income Security Act of 1974 (ERISA)

Legislation enacted in 1947 that protects workers from losing benefits that are provided through the workplace. The Act does not require employers to establish a benefit plan for employees but does include requirements for the plan when one is in place.

Zero-Deductible Health Plan

A health insurance plan that pays covered medical claims without any deductible amount paid first by the plan enrollee, can also be referred to as…