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Related to disability insurance, what is ARISA?


Related to disability insurance, what is ARISA?

If you're talking about ERISA, then this might help.... I'm not aware of "A"RISA.

ERISA, or the Employee Retirement Income Security Act, is a federal statute passed in 1974 that secures the minimum standards of pension plans and the related income tax effects of the transactions within the plan.

Basically, it is a statute to protect the beneficiaries of pension plans with financial disclosures, assurances of court access and information accessibility.

In terms of health insurance - an ERISA plan is going to be an employer sponsored health plan. I would take it that an ERISA sponsored disability plan is an employer sponsored plan. IE - you get it through your work/employment. It is not a private pay plan.

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