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  1. An ERISA-covered group health plan is an employment-based plan that provides coverage for medical care, including hospitalization, sickness, prescription drugs, vision, or dental.
  2. ERISA products are regulated by the State Government and were established by Congress.
  3. Life Insurance Plans are not regulated by ERISA.
  4. The traditional insurance companies and their products are regulated by ERISA.
  5. ERISA or the Employee Retirement Income Security Act of 1974 is a State law that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection to individuals in these plans.
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