Home > Term: employee retirement income security act (ERISA)
employee retirement income security act (ERISA)
A Federal act, passed in 1974, that established new standards for employer-funded health benefit and pension programs. Companies that have self-funded health benefit plans operating under ERISA are not subject to state insurance regulations and healthcare legislation.
- Part of Speech: noun
- Industry/Domain: Health care
- Category: General
- Company: PBS
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