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Employee Retirement Income Security Act of 1974 (ERISA)

Legislation enacted in 1947 that protects workers from losing benefits that are provided through the workplace. The Act does not require employers to establish a benefit plan for employees but does include requirements for the plan when one is in place.

Health Insurance Purchasing Cooperatives (HIPCs)

Groups that organize insurance for specific geographic populations and tailor rates and benefits to the needs of those populations.