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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.

Benefit Package

Services covered by the insurance policy of a health plan that include physician visits, hospitalization, prescription drugs. The cost-sharing will be explained by the benefit…