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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/
