If your company employed 20 or more full or part time employees during 50% of the business days in the last calendar year, you are likely subject to Federal COBRA provisions.

Qualifying events are certain events that would cause an individual to lose health coverage.  The type of qualifying event will determine who the qualified beneficiaries are and the amount of time that a plan must offer the health coverage to them under COBRA.  A plan, at its discretion, may provide longer periods of continuation coverage.

Qualifying Events for Employees:  

• Voluntary or involuntary termination of employment for reasons other than gross misconduct
• Reduction in the number of hours of employment
•  

Qualifying Events for Spouses:  

• Voluntary or involuntary termination of the covered employee's employment for any reason other than gross misconduct
• Reduction in the hours worked by the covered employee
• Covered employee's becoming entitled to Medicare
• Divorce or legal separation of the covered employee
• Death of the covered employee

Qualifying Events for Dependent Children:

• Loss of dependent child status under the plan rules
• Voluntary or involuntary termination of the covered employee's employment for any reason other than gross misconduct
• Reduction in the hours worked by the covered employee
• Covered employee's becoming entitled to Medicare
• Divorce or legal separation of the covered employee
• Death of the covered employee

 For more information about CobraAid's COBRA Compliance Program:

Employers Click Here

Brokers Click Here.

For a Free COBRA Employers Guide, CLICK HERE.

See how easy it is:

Watch the COBRA Software Demo

*COBRA is a Federal law that requires certain employers to offer ex-employees and their dependents the opportunity to continue their coverage under the company’s group health plan. To request a free copy of COBRA’s latest regulations (2004) in PDF version, send your request to service@cobraaid.com