|
Cobra
Overview
 
The
Consolidated Omnibus Budget Reconciliation Act (COBRA) gives
workers and their families who lose their health benefits
the right to choose to continue group health benefits
provided by their group health plan for limited periods of
time under certain circumstances such as voluntary or
involuntary job loss, reduction in the hours worked,
transition between jobs, death, divorce, and other life
events. Qualified individuals may be required to pay the
entire premium for coverage up to 102 percent of the cost to
the plan.
COBRA
generally requires that group health plans sponsored by
employers with 20 or more employees in the prior year offer
employees and their families the opportunity for a temporary
extension of health coverage (called continuation coverage)
in certain instances where coverage under the plan would
otherwise end.
COBRA outlines
how employees and family members may elect continuation
coverage. It also requires employers and plans to provide
notice.
More Info.>
The U.S. Department Of Labor Complete
Details Of The Major Provisions Of COBRA>
(pdf)
Get A Quote>
|
