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27 Feb 2009, 4:59 pm
You take COBRA and pay the 35% that the plan administrator bills you. [read post]
16 Mar 2021, 9:03 am by Steven H. Sholk
Complicating the extended COBRA election period is Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01, which suspends the COBRA election period until the earlier of one year after the regular qualifying event for COBRA coverage and 60 days after the end of the nationally declared public health emergency. [read post]
16 Mar 2021, 9:03 am by Steven H. Sholk
Complicating the extended COBRA election period is Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01, which suspends the COBRA election period until the earlier of one year after the regular qualifying event for COBRA coverage and 60 days after the end of the nationally declared public health emergency. [read post]
16 Mar 2021, 9:03 am by Steven H. Sholk
Complicating the extended COBRA election period is Employee Benefits Security Administration (EBSA) Disaster Relief Notice 2021-01, which suspends the COBRA election period until the earlier of one year after the regular qualifying event for COBRA coverage and 60 days after the end of the nationally declared public health emergency. [read post]
22 Dec 2009, 3:03 pm by Curran Tomko Tarski LLP
By Cynthia Marcotte Stamer Employer and union sponsored group health plans, their sponsors and administrators must act quickly to comply with the extension and expansion of temporary “COBRA Subsidy Rules” for “assistance eligible individuals” originally added to the group health plan medical coverage continuation requirements of the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) by the American Recovery and… [read post]
21 May 2020, 10:27 am by Shannon O'Hare
How Does the Notice Impact the Timing of COBRA Election Notices Provided by Plan Administrators? [read post]
31 Aug 2021, 1:04 pm by James W. Ward
Businesses that don’t administer COBRA internally should check in with their plan administrators to make sure these notices are being sent out. [read post]
13 Mar 2010, 11:35 am by Stanley D. Baum
The Employee Benefits Security Administration (the "EBSA") has posted on its COBRA web page an updated COBRA Premium Reduction Fact Sheet, which reflects the extension of the COBRA subsidy and related rules under the Temporary Extension Act of 2010 (the "Act"). [read post]
26 Mar 2021, 2:00 am by Gwen Cofield, Contributing Editor
Conclusion As explained more in ¶1120 of the Guide, the key to proper COBRA administration is to determine the relevant “qualifying event,” which must be one of six listed events AND cause a qualified beneficiary to lose coverage under the plan terms. [read post]
26 Feb 2009, 2:58 pm
The Department of Labor's Employee Benefits Security Administration has just released a salvo of new forms and information on the COBRA subsidy. [read post]
13 Apr 2021, 1:39 pm by James W. Ward
Employers should work with their legal counsel, COBRA administrators and/or insurers to develop a compliance plan with respect to these new requirements. [read post]
Plan administrators are required to begin notifying eligible individuals of the COBRA subsidy within 60 days after April 1, 2021 (i.e., by May 31, 2021). [read post]
22 Jun 2009, 7:36 am
The plan administrator, or the employer if there is no designated plan administrator, is responsible for notifying the insurer of an employee’s Mini-COBRA election within 14 days of receipt. [read post]
9 Apr 2021, 2:00 am by Gwen Cofield, Contributing Editor
The next day, Tyson, which was also the plan administrator, sent a COBRA election notice—only addressed to and naming Victor—to Victor’s P.O. [read post]
Bottom Line Employers and plan sponsors should get with your COBRA administrators immediately to make sure they’re on top of the new rules. [read post]
13 Mar 2023, 2:00 am by Paul M. Hamburger, Proskauer Rose LLP
To mitigate exposure to this type of risk, employers and administrators should consider the effectiveness of clearly written waivers of COBRA coverage by qualified beneficiaries. [read post]
14 May 2020, 9:26 am
The IRS and DOL issued guidance on May 4, 2020 that adds a new level complexity to COBRA administration for employer-sponsored plans. [read post]