Employee Retirement Income Security Act $($ERISA$)$ is best describes as what?

Federal legislation that sets minimum standards on employee benefit plans, such as pension, health insurance, and disability. The law also protects employers from certain state regulations. For example, states are not allowed to regulate self$-$insured plans and cannot mandate that employers provide health insurance to their employees.

A group practice of not buying health insurance, but setting aside funds to cover the projected losses incurred by members of the group.

A payment method providing a fixed, per capita payment to providers for a specified mediral benefits package. Providers are required to treat a welldefined population for a fixed sum of money, paid in advance, without regard to the number or nature of the services provided to each person.

A delivery system that originally integrated the financing and provision of medical care in one organization. Now the term encompasses different arrangements designed to coordinate services and control costs.