Which requirement is NOT part of ERISA's regulation of health plans?

The correct answer is that setting contribution limits is not a requirement under ERISA's regulation of health plans. Under the Employee Retirement Income Security Act (ERISA), there are several mandates aimed at protecting the interests of employee benefit plan participants.

One of the key aspects of ERISA includes the requirement for plans to provide clear and comprehensive information to participants about plan features, funding, and the rights of the participants. This ensures transparency and helps employees understand their benefits.

Additionally, ERISA mandates that plans establish a grievance process, allowing participants to appeal and address issues related to the benefits covered under the plan. This ensures that employees have a structured way to resolve disputes or issues that may arise.

Furthermore, ERISA incorporates fiduciary responsibilities that require those managing and controlling plan assets to act in the best interests of the participants. This legal obligation is crucial for maintaining ethical standards and protecting the rights of plan participants.

However, ERISA does not impose specific limits on contributions to health plans. Such limits may be established by other regulations or government programs, but they are not part of ERISA's core regulatory requirements for health plans. This distinction highlights the role that ERISA plays primarily as a regulatory framework focused on participant protection rather than establishing contribution limits.