Asked by Ashley Ochoa on Jul 11, 2024
Verified
Jerry loses his job during a layoff at his company. He's worried about not having access to his health insurance benefits anymore. However, his company is required to offer him the same health insurance coverage for up to 36 months following the layoff. Which federal law applies in this scenario?
A) Social Security Act
B) Employee Retirement Income Security Act
C) Family and Medical Leave Act
D) Consolidated Omnibus Budget Reconciliation Act
E) Affordable Care Act
Consolidated Omnibus Budget Reconciliation Act
A federal law providing individuals and their families the option to continue health care coverage under their group health plan in certain instances where coverage would otherwise end.
Social Security Act
A law enacted in 1935 to create a system of transfer payments in which younger, working people support older, retired people.
Health Insurance Coverage
A type of insurance that covers the whole or a part of the risk of an individual incurring medical expenses, spreading the risk over many individuals.
- Understand the regulatory obligations and consequences of federal statutes on employment benefits.
Verified Answer
Learning Objectives
- Understand the regulatory obligations and consequences of federal statutes on employment benefits.
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