122k views
0 votes
1. The law requires companies to provide health care benefits for employees who have worked for the company for at least ten years.

True or False?
2. The law requires companies to fund their plan over the attribution period.
True or False?

User Munesh
by
7.6k points

1 Answer

2 votes

Final answer:

The requirement that companies must provide health care benefits only after an employee has served ten years is false, as the employer mandate under the ACA requires employers with more than 50 employees to offer health insurance irrespective of the length of employment. Whether companies must fund their plan over the attribution period cannot be evaluated as true or false without more context, although there are laws that mandate funding of certain types of employee benefits.

Step-by-step explanation:

The law concerning benefits and employer mandates varies extensively depending on the historical context and the country's policies. However, under the Affordable Care Act (ACA) in the United States, there is an employer mandate that requires all employers with more than 50 employees to offer health insurance to their employees. This requirement does not stipulate a duration of employment, such as ten years, for health coverage to be provided. Therefore, the statement that companies are required to provide health care benefits only after an employee has worked for at least ten years is false.

Regarding funding requirements, certain types of insurance, such as pension insurance, are subject to federal regulations mandating that employers contribute to funds like the Pension Benefit Guarantee Corporation, ensuring at least some pension benefits are secured in case the company cannot fulfill its promises. While the question does not explicitly define 'attribution period', it is common for companies to fund their pension plans over a period, adhering to legal requirements. Without more context, the statement that companies are required to fund their plan over the attribution period is too vague to conclusively evaluate as true or false. However, there are indeed laws that mandate employers to fund insurance, such as workers' compensation insurance, where contributions are calculated based on salaries paid.

User Alex Chi
by
7.5k points