Final answer:
The Health Insurance Portability and Accountability Act (HIPAA) is the legal provision that allows employees and their qualified beneficiaries to retain healthcare coverage post-qualifying events, ensuring protections of health information and continued access to necessary health benefits.
The Correct Option is: A) Health Insurance Portability and Accountability Act (HIPAA).
Step-by-step explanation:
The legal provision that ensures an employee or their qualified beneficiaries are allowed to continue their healthcare coverage after a qualifying event, such as termination, reduction in hours, divorce or legal separation, or death of the employee, is known as the Health Insurance Portability and Accountability Act (HIPAA).
The Act was passed into law in 1996 and protects against unauthorized, nonconsensual release of individually identifiable health information to any entity not actively engaged in providing healthcare to a patient.
Another key aspect of the healthcare regulation is the Patient Protection and Affordable Care Act (ACA), often referred to as Obamacare, which mandated that every individual buy insurance or face a penalty, and included provisions to make insurance more affordable for individuals based on income.