Benefits and Compensation

Acronym Soup: Nailing Down the Essentials of HIPAA, COBRA, and ERISA

By Jennifer Carsen, JD

Maybe you, like me, are old enough to remember David Letterman’s unfortunate opening bit at the 1995 Academy Awards—when he inexplicably went back and forth between Oprah Winfrey and Uma Thurman in the audience, saying “Uma…Oprah…Uma…Oprah…”

I am reminded of that bit sometimes (which, incidentally, went over like a candy dish full of spiders) as I work to detangle the intricacies of employee benefits law: “HIPAA…ERISA…HIPAA…COBRA…” If you’re new to the unwieldy world of employee benefits, you probably feel the same way.

My goal in this piece is to give you a general overview of the main components of these three massive laws. I won’t get into all the nitty-gritty details, but by the time we’re finished you should have a better understanding of the big picture—as well as what these laws are designed to do beyond making your life more difficult.

Read more here.

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