CU Laws & Regulatory Agencies Effect on Compensation & Benefits Strategies Paper
I’m working on a business report and need support to help me understand better.
- Competency 5: Analyze the effects of laws and regulatory agencies on compensation and benefits strategies.
- Explain the FMLA in relation to employer issues of concern.
- Explain COBRA in relation to employer issues of concern.
- Explain HIPAA in relation to employer issues of concern.
- Explain ERISA in relation to employer issues of concern.
Four acts—FMLA, COBRA, HIPAA, and ERISA—passed by Congress greatly
define the arena of benefits. For this assessment, complete the
following:
- Briefly define each of the four acts.
- Cite one current issue that employers should be or are concerned with for each act. In defining your current issues:
- Describe why each is an issue.
- Include an example of an organization that has violated the act.
- Describe the violation and the penalties that were imposed.
- U.S. Department of Labor. (n.d.) Continuation of Health Coverage (COBRA). http://www.dol.gov/dol/topic/health-plans/cobra.ht…
- U.S. Department of Labor. (n.d.). The Employee Retirement Income Security Act (ERISA). https://www.dol.gov/general/topic/health-plans/eri…
- U.S. Department of Labor. (n.d.). Family Medical Leave Act (FMLA). https://www.dol.gov/general/topic/benefits-leave/f…
- U.S. Department of Health and Human Services. (n.d.). The Health Insurance Portability and Accountability Act of 1996 (HIPAA) Privacy, Security and Breach Notification Rules. http://www.hhs.gov/ocr/privacy/
