Which regulation governs employee benefits and requires disclosure of plan benefits?

The correct answer is B, ERISA, which stands for the Employee Retirement Income Security Act. ERISA is a federal law that was enacted in 1974 to protect the interests of employee benefit plan participants and their beneficiaries. One of its primary requirements is that it mandates disclosures about plan benefits, rights, and obligations to participants. This ensures that employees have access to important information regarding their benefits, such as eligibility, coverage, and how to file a claim.

ERISA covers a wide range of employee benefits, including retirement plans and health insurance. It imposes certain reporting and disclosure requirements on plan administrators, ensuring transparency and empowering employees with the knowledge necessary to make informed decisions about their benefits.

Other choices, while relevant in the realm of healthcare and employee benefits, do not specifically govern the disclosure of plan benefits in the same comprehensive manner as ERISA. The Affordable Care Act (ACA) primarily emphasizes health insurance coverage and consumer protection but does not cover all employee benefits or disclosure requirements in detail. COBRA addresses the continuation of health coverage after an employee leaves a job but does not focus on the initial disclosure of benefits. HIPAA primarily deals with the privacy and security of health information, rather than the specifics of employee benefit disclosures.