Are your COBRA Policies Regularly Reviewed and Updated?
The Consolidated Omnibus Budget Reconciliation Act (COBRA) established in 1985 gives workers and their families who lose their health benefits the ability to choose to continue health benefits provided by their group health plan for limited periods of time due to qualifying events. Qualifying events include termination, reduction in hours of employment, death, divorce or legal separation, loss of dependent child status and other life events.
COBRA generally requires… Continue reading
U.S. Supreme Court Weighs Health Care Reform Law
On March 26-28, 2012 the U.S. Supreme Court heard oral arguments on the constitutionality of the health care reform law. The final decision of the Court is expected to be published in late June.
Here is a condensed summary of the key issues which were addressed during oral arguments:
1.) Anti-Injunction Act – The Anti-Injunction Act states that “no suit for the purpose of restraining the assessment or… Continue reading
More Questions Answered about the Summary of Benefits and Coverage
On March 19, 2012 the U.S. Departments of Labor, Treasury and Health and Human Services issued a new set of Frequently Asked Questions about the requirement to provide Summaries of Benefits and Coverage (SBC) to consumers. The Summary of Benefits and Coverage is a 4 page document (double sided) that will give consumers clear, consistent and comparable summary information about their health plan benefits and coverage. The SBC will… Continue reading