SPHR Human Resources

Answer - B - The Revenue Act of 1978 resulted in the creation of two very important employee benefits: section 125 plans and 401(k) plans.

Key Takeaway: COBRA requires employers who employed 20 or more people during the prior year to offer continuation of group health care coverage to employees and their family members who experience certain qualifying events. HIPAA has two main focuses: privacy considerations and the security and portability of health care coverage. The Retirement Equity Act, which is an amendment to ERISA, incorporated a number of key revisions, many of which addressed the concerns of former spouses and surviving spouses.