Individuals and their dependents can continue their employer group health plan through COBRA, maintaining coverage for medical and prescription services. The health continuation benefits last 18 or 36 months, depending on the qualifying event. Individuals continuing their group plan are responsible for the...
COBRA continuationPresents information on Notice 98-12, which provides information on COBRA health continuation coverage.Practical Accountant
Model General Notice and COBRA Continuation Coverage Election Notice:MS Word|PDFFor all federal COBRA events going forward (not limited to those who may be subsidy eligible) Model Notice in Connection with Extended Election Period:MS Word|PDFFor prior COBRA qualifying events; the so-called “second...
The Snake Bite of Employee Benefits: COBRA Health Continuation December 03, 2024 (3 min read) Next year will mark 40 years since Congress passed the Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA). COBRA requires employers of 20 or more employees to ...
Employers that qualify to offer COBRA health insurance have had at least 20 employees on more than 50% of their typical business days in the previous calendar year. Article Sources U.S. Department of Labor. Continuation of Health Coverage (COBRA). Retrieved fromhttp://www.dol.gov/general/topi...
the chance for a temporary extension of health coverage called continuation coverage in specific occurrences where coverage under the plan would some way or another end. COBRA traces how workers and relatives might choose continuation coverage. It likewise requires businesses and plans to give notice....
When is an employee eligible for COBRA continuation coverage? An employee is eligible if they have been employed and covered under their employer’s group healthcare plan, the insurance plan was effective on more than 50% of the employer’s business days the previous year, and the employee was...
The Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) provides continuation coverage requirements applicable to group health plans and the individuals that lose coverage under such plans. Under COBRA rules, both group health plans and the individuals losing coverage under those plans have ...
COBRA outlines how employees and family members may elect continuation coverage. It also requires employers and plans to provide notice.Additional information can be accessed at the DOL Website.Grant Benefits handles all aspects of COBRA administration. Simply enter a qualifying event or new plan ...
depending upon the applicable scenarios.9One can qualify to extend the 18-month maximum period of continuation coverage if any one of the qualified beneficiaries in the family is disabled and meets certain requirements, or if a second qualifying event occurs—potentially including...