What is COBRA election form?

What is COBRA election form?

The Department of Labor has developed a model Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) continuation coverage extended election notice that the Plan may use to provide the election notice to qualified beneficiaries currently enrolled in COBRA continuation coverage due to reduction in hours or …

Who is subject to COBRA?

COBRA generally applies to all private-sector group health plans maintained by employers that have at least 20 employees on more than 50 percent of its typical business days in the previous calendar year. Both full- and part-time employees are counted to determine whether a plan is subject to COBRA.

How long does it take to elect Cobra coverage?

Qualified beneficiaries must be given an election period of at least 60 days during which each qualified beneficiary may choose whether to elect COBRA coverage.  This period is measured from the later of the date of the qualifying event or the date the COBRA election notice is provided.

What is included in a notice of COBRA rights?

A notice of COBRA rights generally includes the following information: The bases for early termination of the period of COBRA coverage. Q14: How do I elect COBRA? Qualified beneficiaries must notify the plan administer of their election according to the instructions laid out in the election notice.

When to notify qualified beneficiaries of Cobra qualifying event?

Plan administrators that receive notice of a qualifying event must notify qualified beneficiaries of their right to elect COBRA coverage. Qualified beneficiaries have independent election rights, and therefore they must each be notified.

When do you become entitled to COBRA continuation?

If you become entitled to elect COBRA continuation coverage when you otherwise would lose group health coverage under a group health plan, you should consider all options you may have to get other health coverage before you make your decision.

How long do I have to elect Cobra coverage?

How long do I have to elect COBRA Coverage? If you are offered COBRA coverage, you must be given an election period of at least 60 days (starting on the later of the date you are furnished the election notice or the date you would lose coverage) to choose whether or not to elect continuation coverage.

A notice of COBRA rights generally includes the following information: The bases for early termination of the period of COBRA coverage. Q14: How do I elect COBRA? Qualified beneficiaries must notify the plan administer of their election according to the instructions laid out in the election notice.

When do I need to apply for COBRA continuation?

Federal law requires that most group health plans (including this Plan) give employees and their families the opportunity to continue their health care coverage through COBRA continuation coverage when there’s a “qualifying event,” such as those listed above, that would result in a loss of coverage under an employer’s plan.

Plan administrators that receive notice of a qualifying event must notify qualified beneficiaries of their right to elect COBRA coverage. Qualified beneficiaries have independent election rights, and therefore they must each be notified.