Alex When does Cobra coverage expire after qualifying event?
This period is measured from the later of the date of the qualifying event or the date the COBRA election notice is provided. COBRA coverage is retroactive if elected and paid for by the qualified beneficiary.
When and how must a notice of termination of Cobra?
Most notably, plan administrators must provide a written notice of termination if a qualified beneficiary’s COBRA coverage terminates before the end of the maximum coverage period. As a reminder, the COBRA maximum coverage period is generally 18 or 36 months,…
What happens if you lose your health plan under Cobra?
Under the Consolidated Omnibus Budget Reconciliation Act (COBRA), many employees and their families who would lose group health coverage because of serious life events are able to continue their coverage under the employer’s group health plan, usually at their own expense, at least for limited periods of time.
When do I have to pay for COBRA continuation?
A group health plan cannot require payment for any period of COBRA continuation coverage earlier than 45 days after the day on which the qualified beneficiary made the initial election for continuation coverage.
When do you no longer qualify for Cobra coverage?
If employees do not notify you within 60 days, they are no longer eligible for COBRA. Depending on the qualifying event, coverage can last different amounts of times. This is a brief overview of the COBRA notice timeline and what HR’s role in the whole thing is.
Most notably, plan administrators must provide a written notice of termination if a qualified beneficiary’s COBRA coverage terminates before the end of the maximum coverage period. As a reminder, the COBRA maximum coverage period is generally 18 or 36 months,…
How to notify your employer of a qualifying event for Cobra?
COBRA general notice, of the responsibility to notify the plan and procedures for doing so. If your plan does not have reasonable procedures for how to give notice of a qualifying event, you can give notice by contacting the person or unit that handles your employer’s employee benefits matters.
What happens if my employer drops my Cobra plan?
A group’s decision to stop offering a particular plan doesn’t lead to a loss in COBRA coverage eligibility. Qualified beneficiaries must be given the same opportunities as similarly situated employees to select a new plan. This means an employer can drop a co-pay plan in exchange for a high deductible health plan.