Get Dol's Model Cobra Notices And Election Forms - Buckconsultants ...

COBRA stands for Consolidated Omnibus Budget Reconciliation Act. Under the federal law, you and your dependents may temporarily continue medical, dental, or vision benefits coverage, as a result of a qualifying event, subject to certain conditions and your continued payment of premiums.

When an employee loses his/her job, and that employee had health insurance benefits provided through the company/employer, they have the right to purchase health insurance at their own cost through COBRA. If you lose your job, your company has an obligation to advise you of your COBRA benefits rights.

COBRA insurance starts the day after an employee is separated from his or her job. It can last up to 18 months for an employee and up to 36 months for an employee's spouse/partner and dependent child. If an employee elects COBRA coverage, he or she is responsible for making insurance premium payments.

When a qualifying event occurs for which an employer must notify the plan administrator, many COBRA administrators (third-party administrators) require that the employer provide notice of that event electronically. The advantage of this type of system is that it will quickly generate a COBRA qualifying event notice.

COBRA Election Notice After receiving a notice of a qualifying event, the plan must provide the qualified beneficiaries with an election notice within 14 days. The election notice describes their rights to continuation coverage and how to make an election.

Your employer must mail you the COBRA information and forms within 14 days after receiving notification of the qualifying event. You are responsible for making sure your COBRA coverage goes into and stays in effect - if you do not ask for COBRA coverage before the deadline, you may lose your right to COBRA coverage.

Introduction. You're getting this notice because you recently gained coverage under a group health plan (the Plan). This notice has important information about your right to COBRA continuation coverage, which is a temporary extension of coverage under the Plan.

By law, COBRA continuation coverage must begin on the day immediately after your group health care coverage ends. If your group coverage ends due to employment termination or reduction in employment hours, COBRA continuation coverage may last for up to 18 months.