CPC Employee Benefits Law & Regulatory Updates

Question 1

Which federal law primarily regulates employee benefits plans?

Accepted Answer

ERISA

Answer

FMLA

Answer

OSHA

Answer

ADA

Question 2

What does COBRA provide to employees?

Accepted Answer

Continuation of health insurance

Answer

Immediate pension benefits

Answer

Higher salaries

Answer

Retirement contributions

Question 3

Which law requires parity between mental health and physical health benefits?

Accepted Answer

MHPAEA

Answer

ACA

Answer

HIPAA

Answer

FLSA

Question 4

What does HIPAA regulate regarding employee benefits?

Accepted Answer

Health information privacy

Answer

Retirement plan disclosures

Answer

401(k) contributions

Answer

Pension guarantees

Question 5

What is the purpose of the Affordable Care Act (ACA)?

Accepted Answer

Expand healthcare coverage

Answer

Eliminate private health insurance

Answer

Create employer-only plans

Answer

Increase insurance premiums

Question 6

Which organization enforces ERISA compliance?

Accepted Answer

DOL

Answer

IRS

Answer

SEC

Answer

OSHA

Question 7

What does the Family and Medical Leave Act (FMLA) guarantee?

Accepted Answer

Unpaid, job-protected leave

Answer

Higher retirement benefits

Answer

Paid vacation leave

Answer

Bonus payouts

Question 8

Which regulatory update requires transparency in retirement plan fees?

Accepted Answer

408(b)(2) fee disclosure rule

Answer

5500 filing update

Answer

401(k) Safe Harbor update

Answer

MHPAEA regulations

Question 9

Which agency regulates health insurance marketplaces under the ACA?

Accepted Answer

CMS

Answer

DOL

Answer

SEC

Answer

FTC