Human resources definitions that any human can understand
E&P - Earnings and Profits
EAP - Employee Assistance Programs
ECU - European Currency Unit
EDGAR - Electronic data gathering, analysis and retrieval
EDP - Electronic data processing
EEO - Equal Employment Opportunity (see Affirmative Action)
EEOC - Equal Employment Opportunity Commission
EFTA - Electronic Fund Transfer Act (1978)
EFTS - Electronic funds transfer system
Elect - When referring to health coverage, this means to choose, generally in writing, to participate in a group health plan.
Election Notice - "Written notification to each qualified beneficiary of the qualified beneficiary’s rights to COBRA continuation coverage. This notice must include, among many other things, information about the plan, qualifying events, length of COBRA continuation coverage, and how much a qualified beneficiary must pay for coverage and when and to whom the payments are due. This notice should explain how long the qualified beneficiary will have to decide whether or not to elect COBRA continuation coverage. The group health plan must allow at least 60 days from the date of the notice, or from the date coverage ended, whichever is later, for a qualified beneficiary to elect COBRA continuation coverage. The Department of Labor has developed a model election notice that is intended to assist plan administrators of single-employer group health plans in satisfying the election notice requirement. Use of this model notice is not mandatory. However, in order to use it, a plan administrator must appropriately add relevant information where indicated in the model notice, select among alternative language, and supplement the model notice to reflect applicable plan provisions. Items of information that are not applicable to a particular plan may be deleted. Use of the model election notice appropriately modified and supplemented, will be considered by the Department to satisfy the election notice content requirements of COBRA for single-employer group health plans."
Employee - An individual representing a company or organization by providing support, services, talent or other skills based on their job duties or descriptions in exchange for wages or salary payments. Also known as worker, staffer, team member, or personnel.
Employee Organization - An employee-based organization or group, such as a labor union, which advocates employee concerns such as wages, scheduling, and employee benefit plans or other matters involving the employment relationship. The organization may represent employees in reaching barganing or other workplace agreements.
Employment Practices Liability (EPL) - An area of United States law that deals with wrongful termination, sexual harassment, discrimination, invasion of privacy, false imprisonment, breach of contract, emotional distress, and wage and hour law violations. Employment Practices Liability is part of professional liability.
Enrollment Date - The first day of coverage or, if there is a waiting period, the first day of the waiting period. If you enroll when first eligible for coverage, your enrollment date is generally the first day of employment. If you enroll as a late enrollee, your enrollment date is the first day of coverage.
EPA - Environmental Protection Agency
EPL - Employment Practices Liability
ERISA (Employee Retirement Income Security Act of 1974) - ERISA is a federal law that regulates employee benefit plans, such as group health plans, that private sector employers, employee organizations (such as unions), or both, offer to employees and their families
ERTA - Economic Recovery Tax Act (1981)
ESOP - Employee Stock Ownership Plans
Excepted Benefits - There are several types of excepted benefits. Certain benefits are always treated as excepted benefits because they are not considered health coverage, such as: Accident Only, Disability Income Insurance, and Workers’ Compensation. Other benefits are treated as excepted benefits if they are offered separately or are not an integral part of the plan, including: Limited-Scope Dental or Vision and Long-Term Care Benefits. Moreover, other benefits are treated as excepted benefits if they are offered separately and not coordinated with benefits under another group health plan, including Coverage for a Specific Disease and Hospital Indemnity or Other Fixed Indemnity. Finally, other benefits are treated as excepted benefits if they are offered as a separate insurance policy and supplemental to Medicare, Armed Forces health care coverage, or (in very limited circumstances) group health plan coverage.
Exhausted COBRA Coverage - Exhausted COBRA coverage refers to the period of time when COBRA continuation coverage has lapsed or expired and the participant is no longer covered by the plan. Other reasons for exhaustion of COBRA may include coverage ending because the employer fails to pay premiums on time or the participant no longer lives or works in a coverage service area and no similar COBRA coverage is available.